Category Archives: housing market

Private Payrolls, Consumer Confidence Signal Strong January

Posted on February 2, 2017 by Popular Economics Weekly

Popular Economics Weekly ADP is calling for substantial strength in Friday’s employment report, showing yesterday 246,000 for private payrolls, not including government jobs. This is far beyond expectations and would compare with December private payroll growth in the government’s report … Continue reading →

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Pending Home Sales—Case-Shiller Prices Higher

Posted on January 31, 2017 by Popular Economics Weekly

The Mortgage Corner Pending home sales picked up in December as solid increases in the South and West offset weakening activity in the Northeast and Midwest, according to the National Association of Realtors®. And the S&P Case-Shiller Home Price Index … Continue reading →

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Housing Starts Surge With Builder Optimism

Posted on January 21, 2017 by Popular Economics Weekly

The Mortgage Corner A surge in multifamily production resulted in overall nationwide housing starts rising 11.3 percent to a seasonally adjusted annual rate of 1.23 million units, according to newly released data from the U.S. Department of Housing and Urban … Continue reading →

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Real Estate In 2017—Good Time To Buy?

Posted on January 9, 2017 by Popular Economics Weekly

The Mortgage Corner Surging mortgage rates, dwindling inventory, and soaring home prices are taking a toll on Americans’ attitudes toward ownership, according to a home purchase sentiment survey released Monday. But that may be misleading, as mortgage rates have barely … Continue reading →

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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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