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Author Archives: Popular Economics Weekly
Home Ownership Rate Increases, Thanks to Millennials
The Mortgage Corner The Commerce Department just reported that homeownership rate rose to 63.7 percent in the third quarter, from 63.4 percent in the second quarter, reports the National Association of Realtors. That is still well below the high of … Continue reading
The Fed Can’t Raise Interest Rates Soon
The Mortgage Corner Our Federal Reserve won’t be able to raise interest rates at all this year, or maybe even next year, says Marketwatch. Why? Because the EU Central Bank just announced they are increasing their Quantitative Easing program (QE), … Continue reading
Which Are Fastest Growing States?
Popular Economics Weekly A very interesting report by the Philadelphia Fed is just out that surveys economic growth in all 50 states. And the report shows excellent growth continuing in most of the country as of September. The Federal Reserve … Continue reading
Best Existing-Home Sales Since 2007
Popular Economics Weekly Total existing–home sales, which are completed transactions that include single–family homes, townhomes, condominiums and co–ops, increased 4.7 percent to a seasonally adjusted annual rate of 5.55 million in September from a slightly downwardly revised 5.30 million in … Continue reading
Pending Sales, Housing Construction Are Healthy
The Mortgage Corner Most of the Federal Reserve Governors have announced they don’t support raising interest rates until sometime next, year, and only if worldwide economic growth picks up. Why? The US Dollar is so strong that it’s hurting exports, … Continue reading
Posted in Consumers, Economy, Housing, housing market, Weekly Financial News
Tagged Deutsche Bank, existing-home inventory, existing-home prices, existing-home sales, Federal Reserve, household formation, NAHB/Wells Fargo Housing Market Index, NAR Chief Economist Lawrence Yun, new-home sales, Pending Home Sales
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Why the Q3 Slowdown Predictions?
Financial FAQs The International Monetary Fund and the Federal Reserve have downgraded their estimates of growth in upcoming quarters. The IMF takes the worldwide view, with particular weakness in the emerging markets of Brazil, Nigeria, South Africa and Russia., and … Continue reading
When Will Fed Raise Interest Rates?
The Mortgage Corner It has been puzzling many major economists, including Nobelist Paul Krugman, Obama advisor Larry Summers, and Minneapolis Fed Chair Narayan Kacherlakota, why Janet Yellen’s Fed is still talking about raising interest rates when current inflation numbers are … Continue reading
“Australia Is Not Like US”
Popular Economics Weekly “Australia is not like the U.S.” said commentator Michael Pascoe in the Sydney Morning Herald in response to President Obama’s remarks on the Umpqua Community College killings by a deranged killer, whose mother kept at least 7 … Continue reading
Single Payer “Universal” Health Plans, versus What?
Financial FAQs We are in Australia, and my wife just paid for a General Practitioner’s visit to examine possibly dangerous sun damage to her skin. The Doctor’s examination cost her $37 Australian, and the topical medication just $10Au. So what … Continue reading
