"Just Thinking"

“Just Thinking”


There are so many old sayings that we use, or at least we used to use, that we say out of habit and know what we intend them to mean but have no idea of the origin. Here are a few that I came up with and how they came to be, let me know if you have any that I missed.


Don’t throw the baby out with the bathwater - Used as a caution against rejecting all parts of a plan because there are problems with parts of it. This came from the household before there was running water, a large tub was filled and the family would take turns bathing, starting with the father and descending by seniority. By the time the baby had its bath, the water was so dirty that it was difficult to see through it.


Bite the bullet - To endure something painful or difficult with courage. This comes from times when soldiers would bite on a bullet during surgery to cope with the pain before painkillers.


Going Cold Turkey – To quit something abruptly without gradual steps. One theory on this that when a person stops and addiction like drinking, smoking or drugs, their skin would get all clammy and cold like a dead turkey.


Don’t look a gift horse in the mouth - Don’t criticize or scrutinize a gift. It comes from the practice of checking a horse's age by looking at its teeth, which would be rude to do if the horse was given as a gift.


To turn a blind eye - To deliberately ignore a problem. This originated from British Admiral Horatio Nelson, who was blind in one eye. During a battle, he famously held a telescope to his blind eye to avoid seeing a signal to retreat, continuing the fight instead.


Barking up the wrong tree - To pursue the wrong course of action. This comes from hunting dogs that would mistakenly bark at the base of a tree, thinking their prey was up there when it wasn’t.


Saved by the bell - Escaping a difficult situation at the last moment. This comes from boxing, when the bell ending the round is rung to save a fighter who is losing. I question this one, I always thought that it came from the recess bell in 5th grade before St. Agnes’ spelling test.


Burning the candle at both ends - It implies exhaustion from not giving yourself time to rest between work and play, pretty much your 20's. In the past, candles were valuable, so burning one at both ends would waste it more quickly.


I thought that I would finish off with some Momisms that needed no explanation: 1) Because I said so! 2) Eat your vegetables 3) I brought you into this world, and I can take you out! 4) Don’t make me turn this car around! 5) Money doesn’t grow on trees. 6)You’ll understand when you’re older. 7) If all your friends jumped off a bridge, would you do it too? 8) Go ask your father 9) Wait until your father gets home 10) As long as you live under my roof, you’ll follow my rules. 11) I don’t care who started it; I’m finishing it! 12) You’re not leaving the table until you finish everything on your plate 13) You’ll catch a cold if you go outside with wet hair 14) If you can’t say something nice, don’t say anything at all 15) I’m not asking you, I’m telling you 16) What part of 'no' don’t you understand? 17) One day you’ll thank me. 18) Are your legs broken? Get it yourself 19) I’ll give you something to cry about 20) Go play outside.


Let me know what you think.

135 Bayview Ave.

Vallejo, CA 94590

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Discover this inviting 4-bedroom, 2-bathroom home nestled in the sought-after Emerald Terrace neighborhood. The versatile layout offers ample living space, with two bedrooms upstairs, a third bedroom on the main level ideal for a home office, and a fourth bedroom on the lower level, perfect for a family or recreation room. Enjoy natural light and serene views from the dining room’s bay windows or take in the picturesque scenery from the kitchen. Conveniently located just minutes from shopping, dining, schools, and parks, this home offers easy access to Vallejo/SF Ferry, the Farmers Market, and major highways including 29, 37, 80, 780, and 680.



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This Weeks Top Story

Consumer Sentiment Hits 30-Month High as Mortgage Rate Optimism Grows

The Fannie Mae Home Purchase Sentiment Index (HPSI) report for September 2024 is in, and by the looks of it, consumer optimism has significantly improved. 


The overall index went up 1.8 points from August to 73.9—its highest level in over two years. 


The most likely reason for that is the general expectation among consumers that mortgage rates will continue on a downward trend over the next 12 months. 


According to Fannie Mae’s National Housing Survey for September, a record 42% of consumers expect rates to decline—up from 39% the previous month and 24% in June. This also compares to 31% who expect rates to remain the same and 27% who expect them to rise. 


Also, nearly four in ten (39%) survey respondents expect home prices to increase in the next 12 months—up from 37% in August—shedding some light on why the improvement in overall consumer sentiment hasn’t yet translated into a boost in home sales. 


Overall perception of homebuying conditions went up a tick this month but is still not far from its all-time low, with less than one in five (19%) say it’s a “good time to buy a home.” On the other hand, 65% say it’s a “good time to sell.” 


The full index shows an increase of 9.4 points compared to September 2023. 

Although most consumers continue to think it’s a ‘bad time’ to buy a home, the recent shift in attitude toward mortgage rates is pushing overall housing sentiment higher, and a growing share are now pointing to high home prices rather than high mortgage rates as the primary sticking point for affordability. Increased positivity that mortgage rates will continue to fall has driven the HPSI to a 30-month high—but we’ve yet to see consumers’ newfound rate optimism translate into a meaningful increase in home sales activity.


Instead, as we noted in our latest housing forecast, existing home sales are on pace to record their lowest annual total since 1995. This signals to us that consumers are paying attention to the easing interest rate environment but still feel stymied by the considerable run-up in home prices over the last four years. 


Notably, housing sentiment among renters, a common source of first-time homebuyers, has improved at approximately the same pace as homeowners. Over the last three months, the share of renters believing it’s a good time to buy a home has risen from 13% to 20%, while the share expecting mortgage rates to fall has risen from 16% to 30%. While these numbers are still relatively low, we think the improvement may signal that some potential homebuyers who have been waiting for mortgage rates to come down may be closer to coming off the sidelines, despite their ongoing concerns about home prices. Mark Palim - Fannie Mae Senior Vice President and Chief Economist.


Components of the HPSI


A closer look at the six main components of the HPSI shows the biggest year-over-year improvement in consumer sentiment regarding mortgage rates—and the biggest net negative change in home price outlook. 


Month over month, the biggest net positive was in “change in household income,” followed by “buying conditions” and “home price outlook (for the next 12 months).”



Finish - The Full Story


Posted by:

Sarah Lentz

October 8, 2024 

Housing Market

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Previous Newsletters

October 4th

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September 27th

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September 20th

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June 28th

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