Category Archives: housing market

Who Can Still Afford to Buy a Home?

Posted on June 24, 2019 by Popular Economics Weekly

The Mortgage Corner MarketWatch That question of who can still afford to buy a home is up in the air, as we say, since home sales have been trending lower of late and there is still a housing shortage. MarketWatch’s … Continue reading →

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How to Provide More Housing For Everyone?

Posted on June 19, 2019 by Popular Economics Weekly

ANSWERING THE KENNEDYS’ CALL thelundreport.org I said in an earlier column “that part of the solution to the housing and homeless crisis has to be the responsibility of governments.” But the Silicon Valley giants Google, Apple, and Washington State’s Microsoft … Continue reading →

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How Strong is 2019 Housing Market—Part II?

Posted on June 13, 2019 by Popular Economics Weekly

The Mortgage Corner FRED We asked just how strong is the housing market last month with rates beginning to fall again. Lawrence Yun, NAR’s chief economist, said he is not overly concerned about the trending drop in existing-home sales reported … Continue reading →

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May Employment Not looking So Good

Posted on June 7, 2019 by Popular Economics Weekly

Popular Economics Weekly MarketWatch Total nonfarm payroll employment edged up in May (+75,000), and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services and … Continue reading →

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How Strong is This Year’s Housing Market?

Posted on May 22, 2019 by Popular Economics Weekly

The Mortgage Corner Econoday.com The NAR reported that Existing-home sales saw a minor decline in April, continuing March’s drop in sales, according to the National Association of Realtors®. Two of the four major U.S. regions saw a slight dip in … Continue reading →

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Housing Supply Improving

Posted on April 23, 2019 by Popular Economics Weekly

The Mortgage Corner Our housing supply is finally improving. New-home sales ran at a seasonally adjusted annual rate of 692,000, the Commerce Department said Tuesday. That was 4.5 percent above February’s total and beat the consensus forecast of a 645,000 … Continue reading →

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First-Time Homebuyers Are Back

Posted on April 18, 2019 by Popular Economics Weekly

The Mortgage Corner MarketWatch’s Andrea Riquier says first-time homebuyers aren’t doing so bad, if we look at more than the NARealtor’s existing-home sales data. First-timers’ sales data is important because they usually choose so-called “entry-level” homes that are affordable to … Continue reading →

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Near-Record Home Sales Combine with Record Low Interest Rates

Posted on March 25, 2019 by Popular Economics Weekly

The Mortgage Corner Graph: Econoday Existing-home sales rebounded strongly in February, experiencing the largest month-over-month gain since December 2015, according to the National Association of Realtors. Three of the four major U.S. regions saw sales gains, while the Northeast remained … Continue reading →

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Homeownership Expands Again

Posted on March 11, 2019 by Popular Economics Weekly

The Mortgage Corner Washington Post “New data indicate that in 2016, in defiance of myriad prognostications, the decade-long decline in the homeownership rate abruptly reversed. Once-rapid growth in renter households stalled, and the long-stagnant number of owner-led households began rising,” … Continue reading →

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Why the Record Low Interest Rates?

Posted on February 26, 2019 by Popular Economics Weekly

The Mortgage Corner fred.stlouisfed.org The 30-year fixed rate conforming mortgage rate fell to a 1-year low, according to Freddie Mac, the GSE still in government conservatorship, and major purchaser of conforming conventional mortgages. The 30-year fixed-rate averaged 4.35 percent in … Continue reading →

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