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Mortgage Loan Originations Lowest Since November 2008, Down 60% Year-Over-Year, Cash Sales Strong

MishTalk

2008 (down 60% Y/Y) Property sales remained relatively strong (total year 2013 was up 8.4% from 2012), supported by increased cash purchases (which accounted for more than 40% of Q4 sales) HARP origination volume has declined significantly (down 70% Y/Y), with fewer existing loans now eligible for the program: approx.

Sales 73
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Hilarious Transcripts of Fed Minutes from 2008 Reveal Completely Clueless Fed

MishTalk

Here is a list of FOMC Transcripts and Other Historical Materials, 2008 Notes I purposely cherry picked statements of various Fed governors. Amazingly, Bernanke spoke of pent-up demand for housing in January of 2008 The January 29-30 transcript was a whopping 194 pages long. percentage point to GDP growth in 2008 and 0.3

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Homebuilders Have Most Speculative Unsold Inventory Since May of 2008

MishTalk

Homebuilder inventory of started and completed homes is soaring but sales are weak.

Sales 84
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Consultant Ninja: Thee Sunbeam method of Government Stimulus.

Consultant Ninja

After a quick spike of sales, future demand will be lower. So the effective cost per incremental new house sale was $43,000. 2010-Present: Off the road 2009 Stats: Airline Miles: 24,902 Nights away from home: 73 (of 216: 34% of nights) AMEX Charges: $21,220 2008 Stats: Airline miles: 87,589 Nights away from home: 159 (of 365: 43.6%

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Consultant Ninja: Finally, two counter-cyclical markets: Management.

Consultant Ninja

Tuesday, November 11, 2008. After seeing so many markets down, my cousin in the hunting business informed me that gun sales have been surging, due to Obama winning the presidency. Tuesday, November 11, 2008. Finally, two counter-cyclical markets. Who knew he could stimulate the economy so quickly? Newer Post. Older Post.

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Consultant Ninja: Classic Consulting Quotes (Chapter 4, Part II.

Consultant Ninja

Tuesday, September 9, 2008. Hes absolutely hammered the sales and marketing division of a particular CPG all week, calling ex and current employees in his quest to dig up the competitive intelligence information the engagement manager has asked him to collect. Tuesday, September 9, 2008. Timmy calls Bob Johnson, his manager.

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Consultant Ninja: Classic Consulting Quotes. (Chapter 4, Part 1.

Consultant Ninja

Thursday, September 4, 2008. His goal; to ferret out their trade spend as a % of sales and their sales organizational structure. thats like what, 7% of sales or something, right?". Thursday, September 4, 2008. Classic Consulting Quotes. Chapter 4, Part 1). Scene: Open workspace at the firms* office.] Newer Post.