Category Archives: housing market

Case-Shiller Home Prices At New Highs

Posted on December 29, 2016 by Popular Economics Weekly

Financial FAQs The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.6 percent annual gain in October, up from 5.4 percent last month. The 10-City Composite posted a 4.3 percent annual … Continue reading →

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New-Home Sales, Confidence Also At New Highs

Posted on December 27, 2016 by Popular Economics Weekly

The Mortgage Corner The Commerce Department on Friday said new home sales increased 5.2 percent to a seasonally adjusted annual rate of 592,000 units last month. That was the second highest pace since 2007, said the NAHB. Economists had forecast … Continue reading →

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New-Home Sales, Confidence Also At New Highs

Posted on December 27, 2016 by Popular Economics Weekly

The Mortgage Corner Just as existing-home sales are at their cyclical highs, the Commerce Department on Friday said new home sales increased 5.2 percent to a seasonally adjusted annual rate of 592,000 units last month. That was the second highest … Continue reading →

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Janet Yellen and The Fed’s Rate Hike(s)

Posted on December 16, 2016 by Popular Economics Weekly

The Mortgage Corner The Federal Reserve on Wednesday raised a key U.S. interest rate for the first time in a year and signaled a more aggressive approach in 2017, when incoming president Donald Trump plans a so-called ‘full-throttle’ strategy to … Continue reading →

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4.6% Unemployment–178,000 Payroll Jobs in November

Posted on December 3, 2016 by Popular Economics Weekly

Popular Economics Weekly Nonfarm payrolls rose 178,000 in November to just beat out expectations with revisions no factor, says Econoday. A sharp downward revision to October, now at 142,000, was offset by a nearly as sharp upward revision to September, … Continue reading →

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Conforming Mortgage Limits Rise for 2017

Posted on November 25, 2016 by Popular Economics Weekly

Financial FAQs The Federal Housing Finance Authority, or FHFA, just announced it is increasing the limit for conforming mortgages from $417,000 to $424,100 in most regions of the United States starting Jan. 1, 2017—the first such increase since 2006. This … Continue reading →

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Housing Starts, Home Sales ‘Yuge’

Posted on November 22, 2016 by Popular Economics Weekly

The Mortgage Corner Housing starts surged 25.5 percent in October to a 1.323 million annualized rate. This is the best rate of the cycle since August 2007 with the monthly percentage gain the strongest since 1982, says Econoday. It and … Continue reading →

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What Is the Future of Interest Rates?

Posted on November 15, 2016 by Popular Economics Weekly

The Mortgage Corner The deficit is moving to the back burner with Donald Trump and congressional Republicans in charge of Washington, and that is causing interest rates to rise quickly. Republicans leaders on Capitol Hill are now papering over divisions … Continue reading →

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Housing Sales, Prices Continue Skyward

Posted on October 26, 2016 by Popular Economics Weekly

The Mortgage Corner The S&P Case Shiller Home Price Index continues to soar, with Seattle and Portland existing-home prices up double digits in a year, while Dallas and Denver are up some 8 percent annually. Case-Shiller’s national index is within … Continue reading →

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A Recovery In Retail Sales?

Posted on October 18, 2016 by Popular Economics Weekly

Financial FAQs September retail sales rose: total up 0.6 percent, ex-auto up 0.5 percent, ex-auto ex-gas up 0.3 percent, which indicates a good holiday season for retail. But this is bucking the downward trend that has sales sinking to the … Continue reading →

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