Griffey Jr. & Piazza Hall of Fame – Chuck Barberini

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Griffey Jr. & Piazza Hall of Fame – Chuck Barberini

As a long time baseball fan, I am very pleased with this year’s inductees. Ken Griffey Jr. and Mike Piazza. Two great players that could have not been more different, not only in their careers, but also in the roads that lead them to the Hall of Fame.

When you consider the thinning out process on the path to the major leagues, it really is remarkable. Every city has a little league program and there are many teams for the 6-7 & 8-year-old kids, along the way many of those kids get bored and stop playing and by the time young boys are eighth graders there are only a hand full of teams because so many have dropped out, or in this day and age, moved on to lacrosse. The survivors then move on to high school where the cream starts to rise to the top, of all of the little leaguers that enter the 9th grade only 15-20 players make the freshman team.

By the time a player becomes a senior, there is probably only 8-10 players left playing. This is every high school in every town in the country. The survivors then move on to college where the thinning continues, unless you are one of the very elite players and sign a professional contract right out of High School.

If you are fortunate enough to get signed by one of the 32 professional organizations, you start playing for one of the team’s 6 – 8 minor league affiliates with other survivors, only this time you are with survivors from all over the world. The best move up, surviving the thinning out, surviving injuries, and travel and being away from home and coaches that you don’t get along with and if you survive all of that, you make one of the 32 teams.

You have been the best of the best in little league and high school and college and through the minor leagues and you finally arrive, you make the show, you’ve got it made, or do you? No, now you have to become a regular and earn a position and keep that position year after year while other survivors try to take it away from you. If can do that and do it well and do it long enough, then maybe, you will survive once more and become a member of the Hall of Fame.

Ken Griffey Jr. is a baseball legacy, his dad a professional player and he grew up in and around professional baseball, he was a number one draft choice and starter for the Mariners while still a teenager. He was smoother and graceful, he hit with power and made unbelievable plays in the outfield.
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Piazza-MetsMike Piazza had a dream and worked, he hit every day as a youth in a back yard batting cage, when it snowed, he wrapped his bat in pipe insulation. He was picked in the 62nd round of the draft and didn’t start playing catcher until he was a professional.

Despite the different routes to Cooperstown and the Baseball Hall of Fame, these two survivors shared the stage yesterday and achieved what so few do. They will always be remembered along with the legends of the game.

Check out a couple of the links the I have attached on these two Hall of Famers. I really like the two by Grant Brisbee  @mccoveychron …

Let me know what you think, Chuck

Mike Piazza was terrifying and the Dodgers should have kept him
Ken Griffey Jr. was a transcendent motherf**ker
Mike Piazza and Ken Griffey Jr. inducted into Baseball Hall of Fame

Tribune news services

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Staring out at their families and tens of thousands of fans who hung on every word, Ken

Griffey Jr. and Mike Piazza were inducted Sunday into the Baseball Hall of Fame in a ceremony tinged with tears all around.

“I stand up here humbled and overwhelmed,” Griffey said. “I can’t describe how it feels.”

The two became a piece of history on their special day. Griffey, the first pick of the 1987 amateur draft, became the highest pick ever inducted. Piazza, a 62nd-round pick the next year —No. 1,390 — is the lowest pick to enter the Hall of Fame.

Griffey played 22 big-league seasons with the Mariners, Reds and White Sox and was selected on a record 99.32 percent of ballots cast, an affirmation of sorts for his clean performance during baseball’s so-called Steroids Era.

A 13-time All-Star and 10-time Gold Glove Award winner in center field, Griffey hit 630 home runs, sixth all-time, and drove in 1,836 runs. He also was the American League MVP in 1997, drove in at least 100 runs in eight seasons, and won seven Silver Slugger Awards.

Griffey, who fell just three votes shy of being the first unanimous selection, hit 417 of his 630 homers and won all 10 of his Gold Gloves with the Seattle Mariners. He played the first 11 seasons of his career with the Mariners and led them to the playoffs for the first two times in franchise history.

“Thirteen years with the Seattle Mariners, from the day I got drafted, Seattle, Washington, has been a big part of my life,” Griffey said, punctuating the end of his speech by putting a baseball cap on backward as he did throughout his career.

“I’m going to leave you with one thing. In 22 years I learned that one team will treat you the best, and that’s your first team. I’m damn proud to be a Seattle Mariner.”

Dubbed “The Natural” for his effortless excellence at the plate and in center field, Griffey avoided the Hall of Fame until his special weekend because he wanted his first walk through the front doors of the stately building on Main Street to be with his kids, whom he singled out one by one in his 20-minute speech.

“There are two misconceptions about me — I didn’t work hard and everything I did I made look easy,” Griffey said. “Just because I made it look easy doesn’t mean that it was. You don’t become a Hall of Famer by not working, but working day in and day out.”

Griffey’s mom, Birdie, and his father, former Cincinnati Reds star Ken Sr., both cancer survivors and integral to his rise to stardom, were front and center in the first row.

“To my dad, who taught me how to play this game and to my mom, the strongest woman I know,” Junior said. “To have to be mom and dad, she was our biggest fan and our biggest critic. She’s the only woman I know that lives in one house and runs five others.”

Selected in the draft by the Dodgers after Hall of Fame manager Tommy Lasorda, a close friend of Piazza’s father, Vince, put in a good word, Piazza struggled. He briefly quit the game while in the minor leagues, returned and persevered despite a heavy workload as he switched from first base to catcher and teammates criticized his erratic play.

Mom and dad were foremost on his mind, too.

“Dad always dreamed of playing in the major leagues,” said Piazza, just the second Hall of Famer depicted on his plaque wearing a Mets cap, after Tom Seaver in 1992.

“He could not follow that dream because of the realities of life. My father’s faith in me, often greater than my own, is the single most important factor of me being inducted into this Hall of Fame. Thank you dad. We made it, dad. The race is over. Now it’s time to smell the roses.”

Piazza played 16 years with the Dodgers, Marlins, Mets, Padres and Athletics and hit 427 home runs, including a major league record 396 as a catcher. A 12-time All-Star, Piazza won 10 Silver Slugger Awards and finished in the top five of his league’s MVP voting four times.

Perhaps even more impressive, Piazza, a .308 career hitter, posted six seasons with at least 30 home runs, 100 RBIs and a .300 batting average (all other catchers in baseball history combined have posted nine such seasons).

Though the Dodgers gave him his start, Piazza found a home in New York when he was traded to the Mets in May 1998.

Three years later, Piazza became a hero to the hometown fans with perhaps the most notable home run of his career. His two-run shot in the eighth inning at Shea Stadium lifted the Mets to a 3-2 victory over the Atlanta Braves in the first sporting event played in New York after the 9/11 terror attacks.

Piazza paid tribute to that moment.

“To witness the darkest evil of the human heart … will be forever burned in my soul,” Piazza said. “But from tragedy and sorrow came bravery, love, compassion, character and eventual healing.

“Many of you give me praise for the two-run home run in the first game back on Sept. 21st, but the true praise belongs to police, firefighters, first responders that knew that they were going to die, but went forward anyway.”

Attendance was estimated at around 50,000 by the Hall of Fame, tying 1999 for second-most all time.

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Griffey Jr. & Piazza Hall of Fame – Chuck Barberini

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Why Inflation Fears Are Growing – Chuck Barberini

Why Inflation Fears Are Growing

National Association of Realtors

Chuck Barberini Real Estate – Barberini Robinson Real Estate Group

This is an interesting article, from the National Association of Realtors, that talks about the potential rise in inflation 2017. It states that inflation has started to rise and should continue through the first quarter of 2017. It also refers to the fact that rents are on the rise and rental properties are harder to come by. Interest rates remain low, but inventory remains tight with housing prices up and should maintain the higher prices based on the scarcity of available houses. The media will continue to be the voice of doom and gloom because negative press sells. It is good to be aware of what is going on in the market, but the fact remains that there are still opportunities in the housing market. Check out this article, be sure to click on the link regarding the housing for the rest of 2016. There is also a link at the bottom of the page that you can click to see the current market data and interest rates. If you like this article, let me know. Follow my blog at blog.chuckbarberini.com. Thanks for reading, Chuck

Why Inflation Fears Are GrowingiStock_000010774987XSmall

National Association of Realtors

Inflation is up by 1.1 percent through the first half of the year, and economists anticipate it will to continue to rise well into 2017. Rising inflation is expected to have a widespread impact for the economy, particularly the housing market. Lawrence Yun, chief economist of the National Association of REALTORS®, writes in his monthly Forbes.com column.

Read more4 Housing Predictions for the Rest of 2016

“One consistent area of inflationary concern is arising out of housing,” Yun writes. “Rents increased by 3.8 percent in June, the strongest pace since January of 2008.”

Apartment vacancy rates continue to be very tight, which means renters likely won’t see a decrease in rental costs anytime soon.

For those looking to buy, they’ll face plenty of challenges too. Home values are climbing quickly. Home prices nationwide have increased around 5 percent to 6 percent this year – on top of the 20 percent increase that occurred in the three years prior, Yun notes. Given limited inventories of homes for sale, home prices aren’t likely to drop anytime soon either, Yun adds.

“Going forward, a major driver of inflation will be related to housing,” Yun notes. “With inadequate new housing construction, both rents and home prices will easily outpace the general inflation. … Housing costs, moreover, weigh a hefty 33 percent on the overall consumer price index, compared to 14 percent weight for food, 7 percent for energy, and 6 percent for transportation.”Screen-Shot-2015-01-27-at-11.18.59-AM

Source: “Inflation: Slowly Warming,” Forbes.com (July 15, 2016)

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Why Inflation Fears Are Growing

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Home Purchase Sentiment Index Decreases – Chuck Barberini

Chuck Barberini Real Estate – Barberini Robinson Real Estate Group

http://blog.chuckbarberini.com/home-purchase-sentiment-index-decreases/

Home Purchase Sentiment Index Decreases from High of 85.3 to 83.2. Fewer Consumers Expect Home Prices, Mortgage Rates to Keep Climbing; Stagnant Wages Weigh on Housing Outlook

I just pulled this article off of the California Association of Realtors “Newsline”. I find it interesting because when we listen to or read the news, we find out about how strong the housing market is. Interest rates are at a, close to, all-time low, but housing prices are up and inventory is still low. What is interesting is that these numbers are polling numbers based on consumer confidence. It seems that there is a lot of uncertainty in the populace these days.

In my opinion it makes tons of sense, based partially on the contentious presidential race. The recent events point out that, as we learned after the recent financial meltdown, the middle class is just a pawn in the governments chess game. The decisions being made, that impact the middle class so much, do not have our well being in mind. Furthermore, our representatives in the government are being held to different standards then the people that they are sworn to serve and protect. Their interest in pushing forward an agenda that has little or nothing to do with helping Americans survive and thrive has become more and more transparent. Lying to their constituents, changing the rule of law, all the while getting richer and richer.

Uncertainty? Consumer confidence? It makes a lot of sense. Check out this article from July 7th and let me know what you think.

Good Luck,

Chuck

 

Home Purchase Sentiment Index Decreases from High of 85.3 to 83.2. Fewer Consumers Expect Home Prices, Mortgage Rates to Keep Climbing; Stagnant Wages Weigh on Housing Outlook

Jennifer Lucas

202-752-6497

WASHINGTON, DC – Fannie Mae’s Home Purchase Sentiment Index™ (HPSI) decreased 2.1 points to 83.2 in June, down from May’s all-time survey high, as more consumers report mixed views toward housing and income growth. Among those surveyed, the share who said now is a good time to sell a home increased 5 percentage points on net to a survey-high of 18 percent, and those saying now is a good time to buy a home rose 3 percentage points on net to 32 percent. The share of consumers who expect home prices to go up over the next 12 months dropped 9 percentage points on net. In addition, those reporting that their household income is significantly higher than it was 12 months ago dropped 10 percentage points on net in June, and the net share of consumers who are not concerned about losing their job fell 4 percentage points. Fewer consumers also reported a positive outlook on the state of the economy – those who think the economy is on the wrong track ticked up to 59 percent in June.

hpsi-070716

 

 

 

“The HPSI’s pullback in June from last month’s survey-high reading suggests a slight weakening in the 12-month outlook for housing activity,” said Doug Duncan, senior vice president and chief economist at Fannie Mae. “Pending home sales have pulled back in the face of continued home price growth, and we’re seeing some softening in the higher priced components of the market. Growing pessimism about the overall direction of the economy gives us further pause as it now stands at the highest level we’ve seen in our National Housing Survey in the last two years. Meaningful improvement in the housing market going forward will likely require consistent upward movement in consumers’ income growth perceptions, which have thus far been stagnant. Also helpful would be an acceleration of supply accumulation of entry-level homes, which would moderate the growth of real home prices and increase affordability.”

HOME PURCHASE SENTIMENT INDEX – COMPONENT HIGHLIGHTS

Fannie Mae’s June 2016 Home Purchase Sentiment Index (HPSI) fell 2.1 percentage points in June to 83.2. Slightly more consumers on net expect mortgage interest rates to go down over the next 12 months. Overall, the HPSI is down 1.5 points since this time last year.

  • After three straight months of declines, the net share of Americans who say that it is a good time to buy a house rose by 3 percentage points to 32%.
  • Selling sentiment rose in June, with the net percentage of those who say it is a good time to sell rising 5 percentage points to 18% – a new survey high. A survey high and low were reached for those who think it is a good time and bad time to sell a home.
  • The net share of Americans who say that home prices will go up fell 9 percentage points to 33%.
  • The net share of those who say mortgage rates will go down over the next 12 months rose 2 percentage points to negative 41%, reaching an 18-month high.
  • The net share of Americans who say they are not concerned with losing their job fell 4 percentage points to 68%.
  • The net share of Americans who say their household income is significantly higher than it was 12 months ago fell 10 percentage points to 8%, the largest month-to-month decline in the survey’s history.

ABOUT FANNIE MAE’S HOME PURCHASE SENTIMENT INDEX

The Home Purchase Sentiment Index (HPSI) distills information about consumers’ home purchase sentiment from Fannie Mae’s National Housing Survey® (NHS) into a single number. The HPSI reflects consumers’ current views and forward-looking expectations of housing market conditions and complements existing data sources to inform housing-related analysis and decision making. The HPSI is constructed from answers to six NHS questions that solicit consumers’ evaluations of housing market conditions and address topics that are related to their home purchase decisions. The questions ask consumers whether they think that it is a good or bad time to buy or to sell a house, what direction they expect home prices and mortgage interest rates to move, how concerned they are about losing their jobs, and whether their incomes are higher than they were a year earlier.

ABOUT FANNIE MAE’S NATIONAL HOUSING SURVEY

The most detailed consumer attitudinal survey of its kind, Fannie Mae’s National Housing Survey (NHS) polled 1,000 Americans via live telephone interview to assess their attitudes toward owning and renting a home, home and rental price changes, homeownership distress, the economy, household finances, and overall consumer confidence. Homeowners and renters are asked more than 100 questions used to track attitudinal shifts, six of which are used to construct the HPSI (findings are compared with the same survey conducted monthly beginning June 2010). As cell phones have become common and many households no longer have landline phones, the NHS contacts 60 percent of respondents via their cell phones (as of October 2014). To reflect the growing share of households with a cell phone but no landline, the National Housing Survey has increased its cell phone dialing rate to 60 percent as of October 2014. For more information, please see the Technical Notes. Fannie Mae conducts this survey and shares monthly and quarterly results so that we may help industry partners and market participants target our collective efforts to stabilize the housing market in the near-term, and provide support in the future. The June 2016 National Housing Survey was conducted between June 1, 2016 and June 23, 2016. Most of the data collection occurred during the first two weeks of this period. Interviews were conducted by Penn Schoen Berland, in coordination with Fannie Mae.

DETAILED HPSI & NHS FINDINGS

For detailed findings from the June 2016 Home Purchase Sentiment Index and National Housing Survey, as well as a brief HPSI overview and detailed white paper, technical notes on the NHS methodology, and questions asked of respondents associated with each monthly indicator, please visit the Consumer Attitude Measures page on fanniemae.com. Also available on the site are in-depth topic analyses, which provide a detailed assessment of combined data results from three monthly studies of NHS results.

To receive e-mail updates with other housing market research from Fannie Mae’s Economic & Strategic Research Group, please click here.
Fannie Mae enables people to buy, refinance, or rent homes.

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 Home Purchase Sentiment Index Decreases from High of 85.3 to 83.2. Fewer Consumers Expect Home Prices, Mortgage Rates to Keep Climbing; Stagnant Wages Weigh on Housing Outlook.

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11 Things Truly Successful People Never Do (Ever) – Chuck Barberini

Chuck Barberini Real Estate – Barberini Robinson Real Estate Group

11 Things Truly Successful People Never Do (Ever) – Chuck Barberini

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I came across this article by Bill Murphy Jr., I have read several of his articles and really enjoy them. I realize that many of the things that he points out may be hard to implement. But, reading stuff like this plants a seed and baby step forward are always positive. Check out this article and let me know what you think. Also, there is a link below that you can use to receive emails from Bill with more of these great articles. There is also a link below that you can click on to see what mortgage rates are doing today. Thanks, Chuck

11 Things Truly Successful People Never Do (Ever)

You can drive yourself crazy trying to find the keys to success. Or you can just eliminate these 11 behaviors, and take some big steps toward achieving your goals.

BY BILL MURPHY JR.

 

Executive editor, TheMid.com, and founder, ProGhostwriters.com@BillMurphyJr

 

How do you define success?

For some people, it’s achieving a level of respect and accomplishment. Others benchmark their personal relationships. Of course, we all know some people who judge it only by the size of their bank accounts.

Regardless, there are certain behaviors and habits that you’ll find the most successful people have in common. Even more important, there are things that highly successful people avoid at almost all costs.A Successful Person

So, two things. First, check out my free e-book: How to Raise Successful Kids(download here). Second, take a look at the elements below–things that highly successful people refuse to do–and think about the challenges at the end of each one.

1. Successful people refuse to fit in a box.

“Thinking outside the box” is a business cliché writ large. But truly successful people do more than that–they live outside the box.

They don’t let other people define them, whether those other people are malicious or well-meaning. They don’t listen to the jealous boss who tells them that they’ll never be a leader. Perhaps more important, they don’t hedge their ambitions because a parent or a teacher told them that–for example–they’re “good with numbers” but not creative, or an excellent team player but not a leader. They don’t just develop their strengths. They define their strengths.

Challenge: What external expectation do you need to let go of?

2. Successful people don’t bear grudges.

It takes a lot of effort to win a battle. But when you bear grudges, it’s like you’re fighting a war that only one side even knows about.

Sure, if we bothered, most of us could probably dig deep into our pasts and find a time when we were wronged–almost unforgivably wronged. Even thinking about it, however, hands another victory to whoever wronged you. Direct your energy at something else–the things you truly care about.

Challenge: We all hold on to some things too long. What transgression do you need to forgive?

3. Successful people refuse to argue over “nothings.”

Again: wasted energy.

You’re not going to convince that diehard Trump/Hillary/Bernie supporter on Facebook to change his or her mind. Truly successful people spend their energy on things they can truly affect.

Challenge: What deeply held conviction holds you back? Are you prepared to let it go?

4. Successful people refuse to quit.

Successful people are often more successful simply because they work harder. And they work harder in part because the work they do doesn’t feel like work–at least, it doesn’t feel like drudgery. Their work is the kind of thing they’d do even if they weren’t paid for it (and sometimes, they aren’t!).

However, whether it’s rewarding or not, they don’t ignore the important work that needs to be done.

Challenge: You don’t have to say it aloud, but when was the last time you blew off something important and covered it with excuses? Are you planning to do it again anytime soon?

5. Successful people never betray their values.

At the end of everything, what else do you have besides your deeply held values?

Maybe you have a deep religious faith. Maybe you think it’s wrong to eat meat. Maybe you’d never root for an American League baseball team because you think the designated hitter ruined the sport. These are your values, not mine, my friend–and I’m sure they’re tested all the time. Truly successful people don’t have a lot of non-negotiables, but the ones they do have are sacrosanct.

Challenge: Can you articulate your core values? Even more important, are they obvious to others?

6. Successful people never betray friends or family.

Of course, this doesn’t mean letting yourself be rolled over. You have to stick up for yourself. However, truly successful people know that if your close family and true friends can’t trust you, why would anyone else?

Challenge: Um, when was the last time you called your folks?

7. Successful people never lose sight of their goals.

Identifying and pursuing your goals means the difference between spinning your wheels and actually getting somewhere. You’ll put in the same effort regardless of how well you focus on objectives, but if your aim is deficient, chances are that you’ll just be helping someone else achieve his or her goals.

Challenge: Can you articulate your three most important goals? What have you done today to make them come true?

8. Successful people combat self-doubt in all its forms.

Fear is normal, even healthy–but defeatism is a disease. I’m not sure where it comes from, but we all face it. Successful people refuse to give in, but what’s more, they make it part of their mission to help other people overcome self-doubt, too.

The easiest way to do that? Demonstrate respect for others in all that you do.

Challenge: Have you built up someone else’s ego today? If not, is it because you’re afraid that doing so will tear down your own self-worth? (Overcome that!)

9. Successful people refuse to betray their health.

Another non-negotiable. None of us lives forever, yet the temptation is always there to trade fitness, or sleep, or well-being for a pauper’s price–a few extra bucks, a little bit of esteem in a boss’s eyes. Truly successful people have no room for that in their lives. Their health is one of their top priorities.

Challenge: What’s the one thing you should do differently to ensure you have a better chance at living a long time–and well?

10. Successful people refuse to be dominated by others.

We all face bullies in our lives. Truly successful people don’t put up with them. They find ways to prevail. They don’t necessarily fight the other guy on his turf, but they find a way to win.

Beware that you don’t contradict the rule about not holding grudges with this one, but successful people find that standing up for themselves often means standing up to someone else.

Challenge: Who are the bullies you know? What have you done to offset their impact on others?

11. Successful people never give in to competition.

This is a multifaceted element. Successful people never run from competition–but they don’t let themselves be suckered into being measured by somebody else’s rules. They understand the wisdom of the reverse of that old lottery slogan: “You can’t lose if you refuse to play.”

At the same time, when they win, they can take a compliment. Truly successful people don’t gloat, but they also don’t minimize their contributions when other people are eager to offer them praise.

Challenge: What competitions are you engaging in that aren’t truly worthwhile?

Like this column? Sign up to subscribe to email alerts and you’ll never miss a post.

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

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11 Things Truly Successful People Never Do (Ever) – Chuck Barberini

Mortgage Rates Hover Near All-Time Low – Chuck Barberini

Mortgage Rates Hover Near All-Time Low – Chuck Barberini

Chuck Barberini Real Estate – Barberini Robinson Real Estate Group

http://blog.chuckbarberini.com/mortgage-rates-all-time-low/

Here is a short article on Mortgage Rates from Daily Real Estate News. Rates approach a near all-time low, currently average rates are at 3.48%, 17 basis points above an all-time low of 3.31% from November of 2012. I mention in a previous post that the lower interest rates have led to an increase in underwriting scrutiny. Regardless of how difficult the process currently is, if you currently are in a FHA loan and have been paying Mortgage Insurance for any length of time you should contact your loan agent to see if you can refinance your home. Click the link at the bottom of the page to see the current rates. Check out this short article and let me know what you think. Chuck

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Mortgage Rates Hover Near All-Time Low

DAILY REAL ESTATE NEWS | FRIDAY, JULY 01, 2016

Fixed-rate mortgages this week dropped to their lowest averages of the year, which analysts attribute to the fallout from last week’s “Brexit” vote. The 30-year fixed-rate mortgage averaged 3.48 percent this week, only 17 basis points from its all-time record low of 3.31 percent in November 2012, Freddie Mac reports.

Read more: ‘Brexit’ Could Give U.S. Real Estate Brief Boost

“In the wake of the Brexit vote, the yield on the 10-year U.S. Treasury bond plummeted 24 basis points,” says Sean Becketti, Freddie Mac’s chief economist. “This extremely low mortgage rate should support solid home sales and refinancing volume this summer.”

Freddie Mac reports the following national averages for the week ending June 30:

  • 30-year fixed-rate mortgages:averaged 3.48 percent, with an average 0.5 point, falling from last week’s 3.56 percent average. Last year at this time, 30-year rates averaged 4.08 percent.
  • 15-year fixed-rate mortgages:averaged 2.78 percent, with an average 0.4 point, dropping from last week’s 2.83 percent average. Last year at this time, 15-year rates averaged 3.24 percent.
  • 5-year hybrid adjustable-rate mortgages:averaged 2.70 percent, with an average 0.5 point, falling from last week’s 2.74 percent average. A year ago, 5-year ARMs averaged 2.99 percent.

rates_063016Source: Freddie Mac

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Mortgage Rates Hover Near All-Time Low – Chuck Barberini

 

Flashing Yellow Lights on Affordability – Chuck Barberini

Flashing Yellow Lights on Affordability – Chuck Barberini

Chuck Barberini Real Estate – Barberini Robinson Real Estate Group

A thought on affordability in the current and upcoming market. Low interest rates and record high rent rates seems to be the perfect storm for first time buyers. Unfortunately, the rapid rise in housing prices makes the transition from renter to owner is becoming more difficult and that trend looks to continue. Check out this article by Lawrence Yun and let me know what you think. Chuck

Yun: ‘Flashing Yellow Lights on Affordability’

DAILY REAL ESTATE NEWS | MONDAY, JUNE 27, 2016

The median price of an existing home reached a new record last month at $239,700. That price increase was primarily driven by repeat buyers trading up or downsizing from their current home, according to data from NAR. First-time buyers, meanwhile, continue to be held back by affordability issues.

Rent to Own
Rent to Own

Read moreHomes Getting Less Affordable for Many

“We are seeing flashing yellow lights on affordability,” says Lawrence Yun, NAR’s chief economist. “People who are currently renting and want to convert into ownership — major difficulty. Home prices are rising way too fast compared to people’s income and wage growth. … We are facing housing affordability challenges already with low mortgage rates, but what happens when the rates begin to rise?”

Affordability issues are the primary reason why housing hasn’t had a stronger recovery. “While housing should be pushing overall economic growth, it is not, due to the meager activity in home construction, says Diana Olick, CNBC’s real estate correspondent. “Rental demand has been fueling most of the construction activity, but multifamily housing starts are starting to slow, as most of the activity was in higher-priced, urban rentals, where supply is now high.”

“The tight supply of homes on the market continues to constrain sales, while low mortgage rates and job growth help fuel healthy demand,” notes Andrew LePage, research analyst at CoreLogic. “This results in a pressure cooker effect, and the market’s traditional pressure release valve — new home construction — isn’t helping much, given that new home sales are running more than 40 percent below historically normal levels.”

Source: “New Warning Lights for Rising Home Prices,” CNBC (June 23, 2016)

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 Flashing Yellow Lights on Affordability – Chuck Barberini

Mortgage Rates in Free Fall – Chuck Barberini

Mortgage Rates in Free Fall – Chuck Barberini

Chuck Barberini Real Estate – Barberini Robinson Real Estate Group

Well, if you’ve been sitting on the fence, now is the time to make a move. Rates are down, but inventory is still tight. It seems that the only homes still on the market are overpriced. The lower end of all areas are still moving fast. Because of the slow growth of our economy the loan rates were already hanging around at record lows, when you add in the uncertainty of Brexit, rates are really reflecting the need for a strong housing market. One part of the article that really stands out is the reluctance of the lenders to loan money by stricter underwriting standards. Check out this article and let me know what you think. Chuck

Brexit

Mortgage Rates in Free Fall Since Brexit Vote

DAILY REAL ESTATE NEWS | TUESDAY, JUNE 28, 2016

Ever since Britain’s surprising vote to leave the European Union, U.S. home buyers and home owners have been reaping an expected benefit — mortgage rates that are quickly dropping. Mortgage rates are now at the lowest average in more than three years, and economists expect them to head even lower.

Read more‘Brexit’ Could Give US Real Estate Brief Boost

On Monday, the 30-year fixed-rate mortgage averaged 3.46 percent, near the lowest average since late 2012, realtor.com® reports.

“Lower rates produce lower monthly payments and greater buying power—those who are well qualified can afford a home that’s 8 percent more expensive than at the beginning of the year,” Jonathan Smoke, realtor.com®’s chief economist, writes in a recent column. “That’s more than enough to offset the rise in prices during that time.”

That said, low mortgage rates can prompt lenders to get more strict with underwriting standards, Smoke says.

“As mortgage rates declined this year, we’ve seen that credit access has gone down too,” he notes. “That’s because lenders have become more risk-averse as their profit margins have been whittled down by the double whammy of lower rates and higher origination and servicing costs.”

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Mortgage Rates in Free Fall – Chuck Barberini

Western Home Values Higher – Chuck Barberini

Western Home Values Higher

This is very interesting; values are going up higher then home owners even realize. In my last article we talked about 92% of homes in the country now have equity. What this article is saying is even more interesting, in metro areas houses are appraising higher then home owners are even aware of. Check this short article from Quicken Loans, published by the National Association of Realtors in Realtor Magazine and let me know what you think.

Chuck

Chuck Barberini Real Estate – Barberini Robinson Real Estate Group

Western Home Values Higher Than Owners Realize

DAILY REAL ESTATE NEWS | WEDNESDAY, JUNE 15, 2016

Home owners in western states may have more equity than they may realize. A new report shows that homes in the region’s metro areas are appraising higher than owners’ estimates.

“The hot housing markets along the West Coast are growing quicker than owners realize, giving way to higher-than-expected prices for buyers and more home equity for existing owners,” says Quicken Loans Chief Economist Bob Walters. “On the other hand, the housing markets are more balanced in the East and Midwest, leading owners to be slightly overenthusiastic about their home’s appreciation.”

Nationwide, home appraisals in May were, on average, 1.89 percent lower than what home owners say their home was worth, according to Quicken Loans’ Home Price Perception Index (HPPI). Appraised values continue to climb.

Denver had the highest HPPI value in May. Appraisals showed home values there averaged 3.28 percent higher than what home owners thought their home was worth.

On the other hand, in may Eastern and Midwestern cities, home owners may have been a little too optimistic about their home’s value compared to appraisers’ estimates. For example, in Philadelphia, Detroit, and Baltimore, appraisals were more than 3 percent lower than what home owners expected.

may16_DN_QuickenLoans_chart

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Western Home Values Higher

92 Percent of Mortgaged Properties Have Equity – Chuck Barberini

92 Percent of Mortgaged Properties Have Equity. Here in California we have witness the rapid rise in the housing market, spurred on by the low interest rates and the lack of inventory. More specifically in the Bay Area we are spurred on by the tech industry. This information from CoreLogic shows that the rise in home prices is not just in California but is extending over most of the country. The numbers below are very interesting especially when compared to the housing market 5 short years ago. The home owners that held out are reaping the rewards for sticking with their investment. Because of the rise in home prices and low interest rates many of those that did stay the course have been able refinance into a solid low interest fixed rate loan. The information below also notes that all indications are that it appears that the trend will continue. In my opinion the wild card in the deck is the presidential election, I believe that the economy, which is still bumping along, can go either way, depending on who our next president will be. Let me know what you think.

Chuck

Chuck Barberini Real Estate – Barberini Robinson Real Estate Group

DAILY REAL ESTATE NEWS | MONDAY, JUNE 13, 2016

fb_top_5_equity_1616
92 Percent of Mortgaged Properties Have Equity.

More home owners now have equity. About 46.7 million residential properties with a mortgage had equity at the end of the first quarter of 2016, according to data from CoreLogic. Home equity rose year-over-year by $762 billion.

In the first quarter alone, 268,000 home owners regained equity, which boosted the percentage to 92 percent of all mortgaged properties with equity.

“In just the last four years, equity for home owners with a mortgage has nearly doubled to $6.9 trillion,” says Frank Nothaft, chief economist for CoreLogic. “The rapid increase in home equity reflects the improvement in home prices, dwindling distressed borrowers and increased principal repayment. These are all positive factors that will provide support to both household balance sheets and the overall economy.”

More than 1 million home owners have escaped the negative equity trap over the past year, adds Anand Nallathambi, president and CEO of CoreLogic.

“We expect this positive trend to continue over the balance of 2016 and into next year as home prices continue to rise,” says Nallathambi. “If home values rise another 5 percent uniformly across the U.S., the number of underwater borrowers will fall by another one million during the next year.”

Still, 4 million — or 8 percent of all homes with a mortgage — remain in negative equity territory. But the number of negative equity properties has been steadily dropping. In comparison to the fourth quarter of 2015, negative equity properties dropped 21.5 percent year-over-year.

Read more1 Million Borrowers Regained Equity Last Year

Five states accounted for 30.2 percent of negative equity in the U.S. The states with the highest percentage of homes in negative equity are: Nevada (17.5%); Florida (15%); Illinois (14.4%), Rhode Island (13.3%); and Maryland (12.9%).

On the other hand, the states with the highest percentage of homes with positive equity in the first quarter are: Texas (98.1%); Alaska (97.8%); Hawaii (97.8%), Colorado (97.5%); and Washington (97.2%).

Source: CoreLogic

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92 Percent of Mortgaged Properties Have Equity

Women in Combat Roles – Chuck Barberini

Women in Combat Roles – Chuck Barberini

I read this article on line today regarding women in combat roles and it really got me thinking, is our quest or gender equality so pressing that that are willing to put our young women in harms way? I really question the powers at be who seem to be putting their political agenda ahead of common sense. There is a lot of talking going on now regarding the government imposing gender neutral public restrooms, agenda above common sense? Besides the fact that the thought of young American women in combat being captured, tortured and mistreated then splashed all over the internet would lead to a national outcry. I also believe that the men in battle would be adversely affected by their natural instinct to protect women and put themselves in unnecessary danger. Finally, by dumbing down the proven qualifications standards for infantry soldiers to accommodate women we are getting inferior soldiers. Check out this article and let me know what you think.

Chuck

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Deshauna Barber - Miss USA
Deshauna Barber – Miss USA

Retired female Marine drops TRUTH BOMB on newly-crowned Miss USA

Written by Jude Eden on June 8, 2016

Deshauna Barber is a first lieutenant in the Army Reserves and is getting a flurry of attention for her comment during the Miss USA pageant about women in combat roles. Her statements demonstrated little forethought on the issue, but, hey, why let the reality of direct ground combat against the likes of ISIS ruin a good “I am woman, hear me roar” moment? And hey, getting on the women-in-combat feminist bandwagon may have clinched her the Miss USA crown.

When asked about her thoughts on women in combat roles, the IT analyst from North Washington D.C. said, “As a commander of my unit, I am powerful. I am dedicated and it is important that we recognize that gender does not limit us in the United States Army.” And “I think it was an amazing job by our government to allow women to integrate to every branch of the military … We are just as tough as men.”

I confess that I don’t know what being an IT analyst in the weekend-warrior Army Reserves is like. I do know about IT in the Marines, and both being a Marine and supporting communications for deployed Marines is much harder, but it still ain’t direct ground combat. I’ve no doubt that Lt. Barber is powerful and dedicated, and a valuable — not to mention beautiful — addition to our Armed Forces. But she hasn’t trained and competed with male infantry. Her job in the Army reserves does not include orders to serve with men in the combat arms, and she knows nothing about it.

We have ample empirical data on the question of women in combat roles from recent testing, not to mention hundreds of years of experience learning what helps and what hinders victory in battle.

Barber will never bear the consequences of what she so mindlessly advocates. She’d be the one they shoot first as an easy target. And so beautiful, in her bikini and dangly earrings, or her be-makeuped soft-focus selfie in uniform. Not distracting at all. ISIS is not just laughing at us. They’re licking their chops at our self-imposed weakness. But we have our Charlie’s Angel delivering the Obama party line. She’s won the beauty pageant; just wait ‘til she starts her acting career.

Firebrand Gunnery Sergeant (Ret) Jessie Jane Duff, who served two decades in the Marines and advocates strongly that we should not diminish our combat readiness, had some choice tweets for the young LT:

Jessie Jane Duff @JessieJaneDuff

The irony of being judged in a bikini and stating women are just as tough as men escapes Miss USA. I’m sure ISIS will fear her shiny crown.

3:16 AM – 6 Jun 2016

Jessie Jane Duff @JessieJaneDuff

Win for Obama Administration: Army officer is sexualized in a beauty pagent & promotes agenda she is equal to men in brutal ground combat.

3:49 AM – 6 Jun 2016

Jessie Jane Duff @JessieJaneDuff

Miss USA says women “are just as tough as men” & is glad women will serve in ground combat. I think her bikini competition drove that home.

3:09 AM – 6 Jun 2016

In a recent interview Duff added this:

This was an ideal opportunity for her to stand up and stand for the enlisted women who will die in mass quantity in combat … She’s missing the entire data … Yes, we’re as mentally tough as men, but all data demonstrates that the women are performing at the bottom 25th percentile with men in infantry units. We’re setting them up for failure. Her speech, what she said was perfect if she had just closed with, “We should not lift a blanket policy without evaluating this closer because this isn’t about equality … this is about combat readiness and the mission is first.” That would have gotten just as much applause and people would have celebrated her for defending the women that have to go out there and perform with these men … Hand to hand combat? There is no equality in it. The men will decimate women in hand-to-hand combat.

This week we commemorated the 72nd anniversary of D-Day. Our reflections on young men storming the beaches of Normandy should remind us of the importance of defining precisely what is involved in “direct ground combat.” It’s great that Barber feels powerful, but the truth is that physically she’s a twig, and ISIS, or Iran or North Korea would make mince-meat out of her in five seconds.

She may be as tough as other keyboard commando Army Reservists, but she has no credibility on killing our enemies at point-blank range. She is no authority in comparison to three years and over 50 documents’ worth of scientific testing data submitted by the Marine Corps to the Pentagon, which showed that integrated units underperform on 69% of tasks and women get injured more than twice as much as men. Dedication has little relevance against these realities, which would severely degrade the lethality and survivability of our most elite fighting units.

In our upside-down “now,” where the Left is trying to hammer at us that one’s biological sex is meaningless, Nature simply will not comply, especially in the most violent activity known to mankind. As we’re fighting the most barbaric enemy we’ve ever faced, we need the manliest, most powerful, aggressive, testosterone-laden American alpha males that our taxpayer dollars can buy in order to destroy our enemies and come home quickly and in one piece. Miss USA is a beautiful stick who’d have no chance killing ISIS fighters in hand-to-hand combat.

Deshauna Barber makes a great poster, and now we all know what she looks like underneath her uniform. It’s Combat Barbie Miss USA. But direct ground combat is not a beauty pageant stage. Barber is the media’s latest darling for being a satisfactorily diverse and pretty package delivering the government-approved party line. Meanwhile technology has not alleviated the need for brute strength and speed that women simply don’t provide, and they bring with them serious additional risks that men simply don’t.

Meanwhile, the Senate is voting on whether to subject America’s young daughters to mandatory registration for the draft as combat replacements. The girl next door will not have stunt doubles to fill in for the bloody parts, and for her it won’t be about “a few women who want to.”

[Note: This article was written by Jude Eden and was first published atStream.org]

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Retired female Marine drops TRUTH BOMB newly-crowned Miss USA

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Women in Combat Roles – Chuck Barberini