NAR: Research: Real Estate Insights: Monitor

First, a pile of data with just a few notes. Commentary to follow as I gather up my data and sort out my thoughts.

No Quick Action Expected on Mortgages: "'We may have as many as 1 million to 3 million people who could lose their homes, not because they lost their jobs, not because the economy collapsed, but because they got bad deals on mortgages,' said Sen. Christopher Dodd, D-Conn., chairman of the Senate Banking, Housing and Urban Affairs Committee."

CIA - The World Factbook -- United States: "Population: 301,139,947 (July 2007 est.) "

So, out of a population of 301 million, as much as 1% of the population could lose their homes? Or did Senator Dodd mean to say that 1 to 3 million homes are at risk, with typically two or more occupants affected? Still a tiny portion of the population being affected, if you believe Sen. Dodd's figures.

NAR: Research: Real Estate Insights: Monitor: "Existing-Home Sales: Home resale activity fell 3.8 percent from May to June to a seasonally adjusted annual rate of 5.75 million units -- the lowest level since November 2002.

New-Home Sales: New-home sales fell for a second consecutive month, posting a seasonally adjusted annualized rate of 834,000 in June. This is 22.3 percent below a year earlier."

Another NAR Report: Existing Home Sales

From the Mortgage Banker's Association: Characteristics of Outstanding Residential Mortgage Debt: 2006 34% of owner occupied housing units are owned free and clear. "
According to this data, about 70 percent of outstanding loans have been originated since 2000." Data-rich report on breakdeown of outstanding mortgages, though a lot of the data is from 2005. Chart 10 shows outstanding loans by loan type, and I find it interesting that FHA and subprime seem to have traded market share.