Category Archives: housing market

No Recession Is In the Cards

Posted on December 9, 2015 by Popular Economics Weekly

Financial FAQs There is a growing consensus among economists that recovery from the Great Recession will continue for several more years. This is in part because there are really no signs of a looming recession. Inflation is still too low, … Continue reading →

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Oct. Pending and New-Home Sales Still Rising

Posted on December 1, 2015 by Popular Economics Weekly

The Mortgage Corner Both new and existing-home sales are still thriving, given that conforming fixed rates are still at almost historic lows, in spite of a looming Fed interest rate hike. Why? It’s mainly investors worried about worldwide growth that … Continue reading →

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When Is Faster Growth Coming?

Posted on November 25, 2015 by Popular Economics Weekly

Popular Economics Weekly Where is the promised growth, with almost full employment? GDP growth was revised up from 1.5 to 2.1 percent Q2 to Q3, and is up 2.2 percent annually? When, if ever, will it return to the historical … Continue reading →

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Are We Running Out of Homes?

Posted on November 23, 2015 by Popular Economics Weekly

The Mortgage Corner This isn’t a repeat of the housing bubble, as some pundits would have us believe. In fact, it’s the opposite. Too few homes are being built, and existing inventories of homes for sale have fallen to 2 … Continue reading →

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Dr. Yellen—Don’t Raise Interest Rates Just Yet.

Posted on November 18, 2015 by Popular Economics Weekly

Popular Economics Weekly The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in October on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased … Continue reading →

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Home Ownership Rate Increases, Thanks to Millennials

Posted on November 3, 2015 by Popular Economics Weekly

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 →

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Best Existing-Home Sales Since 2007

Posted on October 22, 2015 by Popular Economics Weekly

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 →

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Pending Sales, Housing Construction Are Healthy

Posted on October 19, 2015 by Popular Economics Weekly

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 →

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Q2 Economic Growth Gangbusters, But Q3?

Posted on September 27, 2015 by Popular Economics Weekly

Popular Economics Weekly In spite of all those predictions that GDP growth would exceed 3 percent for the rest of the year and into 2016, the latest factory orders and inflation indicators show a slowdown in Q3 from Q2’s gangbusters … Continue reading →

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Construction, Retail Sales Higher

Posted on September 15, 2015 by Popular Economics Weekly

The Mortgage Corner The strength of the economy right now is in the housing and construction sectors, again areas insulated from global factors, such as China’s slowdown. Construction spending, next to vehicle sales, is perhaps the week’s best surprise, rising … Continue reading →

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