Koenig Mortgage, NMLS# 207159

Koenig Mortgage, NMLS# 207159 Koenig Mortgage, NMLS # 207159, is a family owned business and provides one to one personal service t

Koenig Mortgage, NMLS # 207159, is a family owned business and provides one to one personal service throughout California and Colorado.

01/12/2024

Sizable Shrink, too much theft:
Pre-Covid, shrink (a fancy word for retail store theft) was about $50 billion/year and 1.4% of retail sales. In 2021, shrink rose to $94 billion but declined to 1.4% of retail sales with less in-person shopping. Since then, it’s steadily risen. In 2022, it was $112 billion and 1.6% of sales, and in 2023 shrink totaled $142 billion and 2% of sales, the highest percentage since at least 2015.
Elliot F. Eisenberg, Ph.D.

05/26/2023

Political Parties

Political Parties:
Voters who are fiscally and politically liberal overwhelmingly vote Democratic. Conversely, voters who are fiscally and politically conservative vote overwhelmingly Republican. Voters who are fiscally conservative yet socially liberal are too few to matter. That leaves voters who are fiscally liberal and socially conservative. They are a large group, and vote in large numbers for both Democrats and Republicans. They are the proverbial swing voters that politicians should focus on.
Elliot F. Eisenberg, Ph.D.

05/04/2023

Interest Incurred:
As recently as 20Q1, interest on the public debt was $549 billion at a seasonally adjusted annualized rate. During Covid, rates collapsed and despite a rapid rise in the debt, carrying costs declined to just $516.1 billion in 20Q3. They have since steadily risen to $648.4 billion in 22Q2, $736.8 billion in 22Q3, $856.2 billion in 22Q4, and most recently $928.9 in 23Q1, and are rising rapidly. This is troubling.
Elliot F. Eisenberg, Ph.D.

04/28/2023

Lost Lending:
Banks are currently experiencing rising deposit costs. If those costs can’t be fully passed to borrowers, profits will fall, reducing lending. It’s estimated that a 10% reduction in profits reduces lending by regional and smaller banks by 2%, and based on prior rate hiking cycles, a 4% lending reduction is possible. That’s likely to lead to a painful reduction in GDP growth of as much as 0.4%!
Elliot F. Eisenberg, Ph.D.

04/27/2023

Pot Perceptions:
Last week was 4/20 or “fourtwenty”, the unofficial high holiday of weed/stoner culture. Since California legalized medical ma*****na (THC) in 1996, recreational cannabis is now legal in 21 states and D.C., and medical use is legal in 19 additional states. 46% of Americans say they have used ma*****na, 59% say it should be legal for medical and recreational purposes, and 30% for medical use only.
Elliot F. Eisenberg, Ph.D.

04/26/2023

Dwelling Dollars:
The national median existing-home price fell 0.9% Y-o-Y in 3/23 to $375,700 from $379,300. Prices have now fallen Y-o-Y for two straight months, the first time in 11 years. Median home prices peaked during 6/22 at $413,800 and are now 9.2% off that high. As for sales, they declined 2.4% M-o-M in March after surprisingly rising 13.75% M-o-M in February and have declined in 13 of the last 14 months.
Elliot F. Eisenberg, Ph.D.

03/23/2023

Market Moves

Market Moves:
In the rush to safety during the week preceding the Credit Suisse failure, the biggest gainers among commodities included silver, up almost 10%, and gold, up about 6%. The biggest decliners were crude oil, down over 10%, gasoline, down about 6%, and copper, down almost 4%. Bitcoin was a huge gainer, up almost 40%, and Ether gained over 25%. Importantly, it’s now been two days since the last bank failure!
Elliot F. Eisenberg, Ph.D.

03/13/2023

Dwelling Dollars:
We are entering peak home selling season. The months with the highest premiums over asking price are March (8.9%), April (9.2%), May (12.6%), June (10.7%), and July (10%). The five days when sellers are likely to receive the highest premium over asking price all happen during the third and fourth weeks of May. Lastly 5/23 is the day when the premium over list is tops at 18.3%.
Elliot F. Eisenberg, Ph.D.

03/01/2023

House Hunting:
Home sales eased for the 12th straight month in 1/23, the longest streak of monthly declines since 1999 when data collection began. Sales fell to a seasonally adjusted annualized rate of 4 million, from 4.03 million in December, and 4.1 million in November. The increasingly tiny declines suggest the sales bottom is here or fast approaching. Prices rose 1.3% Y-o-Y, the smallest rise since 2/12. Y-o-Y prices will soon decline.
Elliot F. Eisenberg, Ph.D.

02/17/2023

Starter Shortage:
From 1976 through 1979, 418,000 entry-level single-family houses/year were built, 34% of all new homes constructed. In the 1980s, the number fell to 314,000/year, still 33% of all new homes built. In the 1990s it shrank to just 207,000/year, and in the 2010s about 150,000/year. During the just completed 2010s, starter homes averaged just 55,000/year, or just 7% of new residential construction. Yikes!
Elliot F. Eisenberg, Ph.D.

02/15/2023

Valuable Valentine:
In 2023, persons in a relationship plan to spend an average of $187 on Valentine’s Day gifts, down from a record $208 in 2022 but up from $144 in 2021. More interestingly, those in a dating relationship expect their partner to spend $148, while those who are married expect $111 in gifts from their spouse. Similarly, the longer the relationship the lower the financial expectations. Don’t take anything for granted.
Elliot F. Eisenberg, Ph.D.

01/23/2023

Landline Losses:
As recently as 2004, 90% of US households had a landline phone. By 2008 it was 80%, by late 2010 it was 70%, and by mid-2013 it was 60%. In mid-2015, landlines were in just 50% of households, and by late 2018 the percentage was down to 40%. By the end of 2021 it was 30%. At this rate, by 2030 there will be no landlines left.
Elliot F. Eisenberg, Ph.D.

Address

5245 E Santa Ana Canyon Road, Ste 100
Anaheim, CA
92807

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Website

Alerts

Be the first to know and let us send you an email when Koenig Mortgage, NMLS# 207159 posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Koenig Mortgage, NMLS# 207159:

Shortcuts

Share

Category