Delinquency Rates Hit 20-year Low
Spring numbers started trickling in at the end of June, and one of the biggest pieces of information to come from those reports is a nearly 20-year low on serious delinquency rates. CoreLogic estimates the 30+ day delinquency rate for April 2019 stood at 3.6%, a 0.7% decline over April 2018.
“Thanks to a 50-year low in unemployment, rising home prices, and responsible underwriting, the U.S. overall delinquency rate is the lowest in more than 20 years.”
-Dr Frank Nothaft, CoreLogic Chief Economist
CoreLogic also found that nationally, home prices were up 3.6% for May. Interest rates have dropped nearly a full percentage point since November 2018, and it appears this was a welcome boost to the housing market. Projections for the next year show steady home price increases as well.
In West Virginia, serious delinquency rates followed the national trend of decreases, and home prices increased 2% year-over-year as of the end of May 2019. With low unemployment rates, low mortgage rates, and year-over-year home values rising, West Virginia is enjoying an increasingly healthy state economy.
Martinsburg’s Immanuel House ID Assistance Ministry
It can be difficult to obtain a state ID. You’d be surprised! Without an ID, people can have difficulty cashing checks, getting a job, and renting an apartment. The Immanuel House program helps people navigate the process and covers the $50 fee to get an ID issued. That one seemingly simple thing can make a huge difference in someone’s life. We love the work they’re doing. Read more: Immanuel House ID Program
Veteran’s Resources Fairs
Operation Welcome Home and the West Virginia Army National Guard Family Resources Center have partnered with over 65 vendors in the state to provide resources and assistance to Veterans and their families. The fairs will be in Morgantown at the Morgantown Readiness Center on Thursday, July 11th from 2-6pm, and at the Loyal Order of Moose lodge in Charleston on August 24th from 1-4 pm.
This is such a wonderful way to connect our vets and their families to much-needed and valuable resources such as assistance agencies, employment agencies, legal aid, and even health screening and mental health resources. They’re even offering haircuts. Learn more: Veteran Resources Fairs Coming
Too Early to Talk Football? I Think Not.
College Football rankings have started to hit the news and West Virginia is ranked 50th out of 130 teams. Not too shabby. New Head Coach Neal Brown has a 35-16 overall record coming into his first year at West Virginia, and several offensive and defensive players are returning. It’s shaping up to be a really exciting season. Stay tuned! Read the latest analysis.
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