Linkage 7/31/18

Home Price Gains are Beginning to Hurt Sales

http://www.mortgagenewsdaily.com/07312018_case_shiller_indices.asp

“Continuing price increases appear to be affecting other housing statistics. Sales of existing single-family homes – the market covered by the S&P CoreLogic Case-Shiller Indices – peaked last November and have declined for three months in a row. The number of pending home sales is drifting lower as is the number of existing homes for sale. Sales of new homes are also down and housing starts are flattening. Affordability – a measure based on income, mortgage rates and home prices – has gotten consistently worse over the last 18 months. All these indicators suggest that the combination of rising home prices and rising mortgage rates are beginning to affect the housing market.”

America Is Running Out of Family Caregivers, Just When It Needs Them Most

https://www.wsj.com/articles/america-is-running-out-of-family-caregivers-just-when-it-needs-them-most-1532094538?mod=ITP_pageone_0&tesla=y

“The demand for caregivers will far outstrip the supply: Between 2015 and 2050, the number of older Americans who may need in-home care is projected to rise by 84%, while the supply of caregivers will only grow by 13%.” How will you pay for this needed expense, that just got pricier, later in life? Tapping into your home equity might be the only viable solution. We need financial vehicles, like the HECM, readily available to make this process easier.

The Fintech Playbook: What Financial Services Leaders Need To Know

https://www.forbes.com/sites/kpmg/2018/07/12/the-fintech-playbook-what-financial-services-leaders-need-to-know/#e1d9e904bdcb

“Whether the goal is to protect their turf or conquer new territory, success on fintech for financial services companies ultimately will mean integrating those new technologies into their operations. Here again, the KMPG survey found that there is no one true way to proceed, but four clear options are emerging:

  • Building tailor-made solutions in-house.
  • Sourcing or white-labeling technologies from fintech developers.
  • Acquiring or investing in a fintech startup.
  • Partnering or collaborating with an innovator.”

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