Archive for May, 2012

May 2012 U.S. Economic and Housing Market Outlook

posted on May 24th, 2012 | filed under: Buying Strategies, Cardiff, Carlsbad, Del Mar, Encinitas, Good People, Loving the Lifestyle, NoCo SD Market Conditions, Rancho Santa Fe, Solana Beach, Successful Selling, Taxes, Trust & Probates, Uncategorized

Freddie Mac released recently its U.S. Economic and Housing Market Outlook for May showing for the most part encouraging signs with the release of several first-quarter 2012 economic indicators.

Outlook Highlights
•Initial estimates for first-quarter 2012 economic growth was 2.2 percent, slower than the previous quarter, but better than three of the past four quarters.
•Personal consumption expenditures grew at a 15.3 percent annual rate reflecting continuing strength in consumer durables such as cars and kitchen appliances.
•Residential fixed investment like new housing construction and remodeling expenses have been a net positive contributor to growth for four straight quarters; however, it remains weak for this stage of the economic recovery compared with previous business cycles.
•Home prices at or near a trough in many markets bodes well for further declines in delinquency rates.
•Fixed-rate mortgage rates are the lowest in more than 60 years, providing extraordinary home-buyer affordability in many areas and likely translating into a sales pickup relative to last year.

According to Frank Nothaft, Freddie Mac, vice president and chief economist, “Taken together, the first-quarter data releases provide an encouraging sign for both the macroeconomy and the housing recovery. While not uniformly positive, for the most part the data trend in the right direction.”

posted by Jeff DeChamplain // Leave A Comment

Happy Mother’s Day! – How Mom’s Add Up

posted on May 11th, 2012 | filed under: Uncategorized

While Mother’s Day presents a special opportunity to show appreciation and devotion to our respective moms, it’s also the perfect time to see how the “mom demographic” is evolving.

According to data from the U.S. Census Bureau included in a Washington Post article, mothers are—not unexpectedly—a diverse lot.

Here are some interesting stats on American moms:
•Mothers total about 85.4 million, with about four million giving birth in the past year.
•In 2008, the last year recorded, the average age for giving birth was 25.1 years old. That 0.1 is important because it represents a slight age increase from the previous two years. Analysts say that increase is due mostly to fewer births among the younger set of mothers.
•The number of stay-at-home mothers has remained relatively stable despite the challenging economy. In 2011, 23 percent of married mothers with children under 15 were classified as stay-at-home. In 2007, before the recession, it was 24 percent.
•The number of single moms, however, has spiked. In 2011, 10 million mothers of children 18 or younger were single. In 1970, that number was just 3.4 million.
•In 2010, about 39 percent of women who gave birth were not married, or were separated, or “married but with an absent spouse,” according to the census.
•The most popular names bestowed upon babies in 2010 were Jacob and Isabella.

Source: RIS Media / WashingtonPost.com

posted by Jeff DeChamplain // Leave A Comment

Jeff DeChamplain