Category Archives: housing market

Housing Market Still Alive and Well!

Posted on February 20, 2019 by Popular Economics Weekly

The Mortgage Corner Calculated Risk The Mortgage Bankers Association said last week its Builder Applications Survey data for January showed mortgage applications for new home purchases jumped by 43 percent from December, though was unchanged from a year ago.  This … Continue reading →

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What is Driving Household Formation and Home Sales?

Posted on February 7, 2019 by Popular Economics Weekly

The Mortgage Corner SF Federal Reserve The growth in household formation, the major determinate of home ownership, is slowly returning to pre-housing bubble levels, according to a 2016 report by the San Francisco Fed’s economic research dept. This is a … Continue reading →

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Why Falling Home Sales?

Posted on January 22, 2019 by Popular Economics Weekly

The Mortgage Corner Econoday.com Total existing-home sales, https://www.nar.realtor/existing-home-completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 6.4 percent from November to a seasonally adjusted rate of 4.99 million in December. Sales are now down 10.3 percent from a … Continue reading →

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A Gangbusters December Employment Report

Posted on January 5, 2019 by Popular Economics Weekly

Popular Economics Weekly MarketWatch.com Total nonfarm payroll employment increased by 312,000 in December, and the unemployment rate rose to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, food services and drinking places, … Continue reading →

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Where Goes the Housing Market?

Posted on December 19, 2018 by Popular Economics Weekly

The Mortgage Corner Calculated Risk WASHINGTON (December 19, 2018) – Existing-home sales increased in November, said the National Association of Realtors®, marking two consecutive months of increases. Three of four major U.S. regions saw gains in sales activity last month. … Continue reading →

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It’s the Third Largest Housing Boom Ever!

Posted on December 11, 2018 by Popular Economics Weekly

The Mortgage Corner fred.stlouisfed.org The 10-year Treasury bond yield has fallen back to 2.86 percent, which is usually recession territory. And the 30-year conforming fixed rate is 4.125 percent again with a 1-point origination fee. This is unheard of in … Continue reading →

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Home Sales Rise for the Holidays

Posted on November 21, 2018 by Popular Economics Weekly

The Mortgage Corner Econoday.com Existing-home sales increased in October after six straight months of decreases, according to the National Association of Realtors. Three of four major U.S. regions saw gains in sales activity last month. Lawrence Yun, NAR’s chief economist, … Continue reading →

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Why Still A Housing Shortage?

Posted on October 23, 2018 by Popular Economics Weekly

The Mortgage Corner Graph: Econoday A recent survey of California’s housing market reaffirmed the well-known fact that California has an affordability problem. The median home price is now $544,900, up 80 percent from 2011—though that’s a deceptive comparison because mostly … Continue reading →

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Strong Employment Report Due Tomorrow?

Posted on October 4, 2018 by Popular Economics Weekly

Financial FAQs Graph: Econoday ADP, or Automatic Data Processing, predicts 230,000 private payroll jobs could be created in September per tomorrow’s U.S. unemployment report. The reason is both the manufacturing and non-manufacturing (service) sectors reported strong hiring in their ISM … Continue reading →

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Housing Supply Still Too Low

Posted on October 1, 2018 by Popular Economics Weekly

The Mortgage Corner Graph: Econoday Most of the construction activity is in the commercial sector, at the moment, though sales of newly-constructed homes rose 3.5 percent compared to July. The pace of new-home sales in August was 12.7 percent higher … Continue reading →

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