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Dispelling Fears of Another Recession NOTHING TO WORRY ABOUT
No …This is not 2008 all over again (not even close).
As we can see, the index stood at about 400 in 2004. Mortgage credit became more available as the housing market heated up, and then the index passed 850 in 2006. When the real estate market crashed, the MCAI fell below 100, and mortgage money became almost impossible to secure.
Some are afraid the real estate market may be looking a lot like it did prior to the housing crash in 2008. One of the factors they’re pointing at is the availability of mortgage money. Recent articles about the availability of loans with low down payments and down payment assistance programs are causing concerns that we’re returning to the bad habits of a decade ago. Let’s alleviate the fears about the current mortgage market. The Mortgage Bankers’ Association releases an index several times a year called The Mortgage Credit Availability Index (MCAI). According to their website, “The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is … a summary measure which indicates the availability of mortgage credit at a point in time.”
Thankfully, lending standards have eased since. The index, however, is still below 200, which is half of what it was before things got out of control.
Additionally, buyer demand across the United States was up at the beginning of the fall season according to the national data given by Showing Time (an app the majority of Realtors use to schedule property showings). The regions that realized the largest increase in traffic were the Western U.S. (up 8.9% YOY) and the Southern U.S. (up 6.4% YOY). Typically, fall is a slower time for home buyer activity, so this increase only reaffirms that home buyer sentiment and demand will remain strong through the fourth quarter of 2019 and into 2020.
Basically, the index determines how easy it is to get a mortgage. The higher the index, the more available the mortgage credit.
Here is a graph of the MCAI dating back to 2004, when the data first became available:
It is easier to get a mortgage today than it was immediately after the market crash, but it is still difficult. The difference in 2006? At that time, it was difficult not to get a mortgage. Couple this with record fall home buyer activity, and the real estate segment of the economy looks to remain strong through 2020.
—Drew Taylor (205) 283-1602 email@example.com
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MORE THAN JUST ‘YOU’LL SHOOT YOUR EYE OUT!’ Lessons Families Can Learn From ‘A Christmas Story’
In 1983, one movie introduced Red Ryder BB guns, fishnet-clad leg lamps, and bright red bars of soap into America’s everlasting Christmas mythos. Now, over 35 years later, “A Christmas Story” continues to delight audiences every holiday season with timeless lessons for viewers of all ages. In a story where kids are clever and kind, and parents are bumbling and wise, “A Christmas Story” has more lessons to offer families than just, “You’ll shoot your eye out!” Your kids are listening to you (oh, fudge!). They aren’t always obedient, but that doesn’t mean they’re not listening. After Ralphie lets slip the “queen mother of dirty words” in front of his father, the narrator reminisces about first hearing that word from his old man — possibly when he was trying to get their furnace to work. He doesn’t admit this to his mother, but it’s a lesson for parents everywhere that kids may hear more than they let on. Kids won’t believe in magic forever. Magical stories about Santa or even “Little Orphan Annie’s” Secret Society fill children’s hearts with wonder but won’t enchant them forever. Belief in certain parts of the Christmas season can fade slowly or die as quickly as the spin of a decoder pin, but parents can always be there to remind children about what’s really important during the Christmas season.
YURT SWEET YURT Glamping in Beautiful Locations
The allure of the great outdoors calls to many, but pitching a tent and cooking over a fire isn’t for everyone. If that describes you, consider the yurt: a small, permanent structure often outfitted with electricity, plumbing, and other modern amenities. Expertly nestled in remote locations, they provide comforts of home in the midst of nature. Here are just a few around the United States available for rent.
Treebones Resort, California
For those new to the glamping scene, this is a great choice for an easy transition. With picturesque views of the Pacific Ocean, the Treebones Resort in Big Sur has an array of spaciously comfortable yurts to choose from. The resort has heated pools, a cozy lodge, and even a sushi bar. About an hour up the coastline, you can find a few shops, restaurants, and art galleries if you decide you’ve gotten your dose of nature for the day.
Sometimes ‘disasters’ lead to new adventures.
Spruce Hole Yurt, Colorado
Christmas Day can be hectic, and, in the hubbub of it all, sometimes disaster can feel inevitable. Ralphie’s parents certainly experience their fair share of disaster in hilarious fashion when the Bumpus Hounds destroy their holiday turkey and leave nothing but the heavenly aroma. But, when Ralphie’s father takes them out to eat at a local Chinese restaurant, it creates a whole new Christmas tradition for the Parker family. Our holiday mishaps, no matter how tragic, are rarely the end of the world.
Nestled in the San Juan Mountains about 10 miles north of New Mexico, this yurt is a snow-lover’s paradise. Skiing, snowshoeing, and hiking trails are plentiful in this backcountry location. At the end of a chilly day, come home to comfy beds, cooking supplies, and decor made to feel like you’re camping — but with sturdy walls to keep out the cold.
Falls Brook Yurts, NewYork
For the glampers who truly want to get away, hike just under 1 mile into the woods of the Adirondack Mountains to discover rustic yurts beckoning you to cook over a fire or bundle up with a book. At night, the yurt’s domed skylight offers excellent stargazing. For those keen on winter activities, skiing and snowshoeing trails start right outside the front door. In the summer, enjoy hiking, fishing, and swimming.
Consider one final tip: Do not stick your tongue to any flagpoles this winter! Happy holidays!
Published by The Newsletter Pro • www.newsletterpro.com
WHAT ABOUT DUNDER AND BLIXEM? The Strange History of Santa’s Reindeer
We all know reindeer visit our rooftops every Christmas Eve, but what brings them there? Follow the unique and complicated history of Santa’s reindeer to find out.
as Santa’s companions. In the late 1890s, the Sami natives of Northern Europe, who were longtime reindeer herders, made their
A visit fromwho on what night? In the 1820s, Clement Clarke Moore penned a holiday poem that became the foundation for a phenomenon still alive today. Commonly known as “‘Twas the Night Before Christmas,”“A Visit From St. Nicholas” is a beloved story shared by every generation. It is in this poem that reindeer were first credited with powering Santa’s sleigh around the globe. Many popular songs, movies, and plays have preserved Moore’s vision of St. Nick, and his reindeer and their names are no exception. (Well, kind of.) Rudolph wouldn’t join the squad until a department store added him as part of their promotions in the 1930s. What’s in a name? Dasher, Dancer, Prancer, Vixen, Comet, and Cupid were all brought to life by Moore, but have you ever heard of Dunder and Blixem? Though we now know the duo as Donner and Blitzen, Moore originally named themDunder and Blixem— the Dutch words for thunder and lightning—but publishing companies wanted names that would rhyme better with the rest of the poem. Still, it was a few decades before Donner and Blitzen made their appearances in the version of the poemwe know today. Reindeer burgers, anyone? Moore’s poem paved the way for Santa’s most famous form of transportation, but it was actually Carl Lomen, an Alaskan businessman, who mass-marketed reindeer
passage from Norway to the U.S. with a herd of reindeer to invigorate the Alaskan landscape and help their native neighbors. Lomen saw the reindeer as an opportunity and partnered with the Macy’s department store
company to create a promotional Christmas parade in which Santa, led by his reindeer, a sleigh, and Sami herders, were prominently featured. Lomen’s goal was to promote his massive reindeer conglomerate for the production and sale of reindeer meat. Instead, a holiday story was born.
CLASSIC ROAST CHICKEN
TAKE A BREAK
Inspired by Ina Garten
1 chicken, approx. 5–6 lbs
Heat oven to 425 F.
Rinse chicken inside and out, removing giblets if included. Move to a work surface, pat dry, and liberally season with salt and pepper. Stuff cavity with thyme bunch, lemon halves, and garlic head. Brush outside with butter, and then season again. Tie chicken legs together with kitchen string. Meanwhile, in a roasting pan, toss onions and carrots in olive oil and season with salt, pepper, and 20 sprigs of thyme. Place the chicken on the vegetables and roast for 1 1/2 hours. Remove from oven, and let stand for 20 minutes covered with foil.
Freshly ground pepper
1 large bunch fresh thyme, 20 sprigs removed
1 lemon, halved
1 head garlic, cut in half crosswise
2 tbsp unsalted butter, melted
1 large yellow onion, thickly sliced 4 carrots, peeled and cut into 2-inch pieces
Solution on Page 4
Slice and serve with the vegetables.
• 3 MYNEWBIRMINGHAMHOME.COM
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Nothing to Worry About
Yurts: Glamping at Its Finest Lessons Families Can Learn From ‘A Christmas Story’ How Santa Claus Became Powered by Reindeer Classic Roast Chicken
Peyo the Therapy Horse
HORSING AROUND Meet a Different Kind of Therapy Animal
Horses have been loyal and useful companions to humans for centuries. But unbeknownst to many who fear these long-legged, 1,000-plus- pound mammals, horses are also naturally intuitive and extremely sensitive to the moods of people around them. These traits make them excellent therapy animals for those with autism, cerebral palsy, chronic illnesses, and PTSD, among many more. In fact, there are dedicated horse- riding camps geared toward chronically ill children and adults all over the world. However, riding horses isn’t the only way to benefit from equine therapy; horses are also fantastic comfort animals
Meet Peyo, the 14-year-old “love stallion” from Dijon, France, who is cheering up chronically ill patients one nuzzle at a time. This accomplished artistic dressage competitor accompanies his owner, Hassen Bouchakour, on visits to hospitals and nursing homes, bringing joy with every clop of his hooves. Patients suffering from all manner of ailments blossom when Peyo comes to visit, laughing and smiling while being nudged by his soft nose. He seems to have a keen sense for patients who are truly suffering, and though his handler is always nearby, Peyo often chooses which rooms to enter of his own volition. Having a horse in a hospital room may not sound very sanitary, but Peyo goes through a strict grooming regimen to be deemed hygienic enough to be around patients. His hooves are greased, his mane and tail are braided, and his entire body is rubbed down with antibacterial lotion before being covered by a blanket. Before Peyo became a therapy horse, he was almost put up for sale by Bouchakour, who had a hard time wrangling Peyo’s fiery personality. But, over time, when they traveled to shows and competitions together, Bouchakour noticed the horse was drawn to the injured and disabled and would instantly calm at their touch. “It is one of the most pure, honest, and sweet things,” Bouchakour says. “They like each other very much without asking for anything else.”
that can relieve anxiety and promote a positive environment for bedridden patients — as long as the doorway is big enough.
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