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"Gig," a term that used to refer mostly to a musician's booking, is now being used to describe a whole sector of the U.S. economy. Fannie Mae defines it, rather narrowly we think, as the on-line, on-demand services such as ride sharing and accommodation, and included questions about it in their Third Quarter National Housing Survey . Fannie Mae says its purpose was to understand the extent to which the gig economy is growing and how it might affect attitudes towards homeownership. The survey found that 16 percent of American adults have provided a service through the gig economy. Seven percent report providing ride sharing and the same percentage have provided "services," most commonly child sitting or handy-man services. Five percent have provided accommodation sharing (i.e. AirBnB type hosting
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Housing News
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"Gig," a term that used to refer mostly to a musician's booking, is now being used to describe a whole sector of the U.S. economy. Fannie Mae defines it, rather narrowly we think, as the on-line, on-demand services such as ride sharing and accommodat... (read more) |
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MBS Commentary
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Consolidating, biding time, coiling, storing energy, etc... Over the years on MBS Live and elsewhere, you may have come into several iterations of this same concept. It occurs when trading levels (in bonds, stocks, or anything else) had b... (read more) |
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Rob Chrisman
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How long will venture capital firms enjoy being in a declining margin business like residential lending, historically dominated by individual, family, or employee-owned companies? As rumors and unpublished news swirl about well-known lenders losing a... (read more) |
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Housing News
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There was the usual post-holiday resurgence in the volume of mortgage applications last week, following a subdued level of activity the previous week which was shortened by the Thanksgiving Day observance. The Mortgage Bankers Association (MBA) said ... (read more) |
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Mortgage Rate Watch
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Mortgage rates were more intuitive today with most lenders keeping things unchanged at first. This matched the movement in underlying bond markets, where today's trading levels in the morning (when most lenders put out the first rate sheet) were roug... (read more) |
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MBS Commentary
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Much like yesterday's session, today saw bond markets begin the day in slightly weaker territory only to rally into slightly stronger territory by the end of the session. There were no singular, overt market movers, but rather a slow, stead... (read more) |
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consumerfinancemonitor.com
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