Category Archives: housing market

March New-Home Sales A Dud

Posted on April 25, 2015 by Popular Economics Weekly

“Sales of new single-family houses in March 2015 were at a seasonally adjusted annual rate of 481,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.4 percent … Continue reading →

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March Existing-Home Sales Spike

Posted on April 23, 2015 by Popular Economics Weekly

The Mortgage Corner Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 6.1 percent to a seasonally adjusted annual rate of 5.19 million in March from 4.89 million in February—the highest annual rate … Continue reading →

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Fannie Says Better Growth For Rest of 2015

Posted on April 21, 2015 by Popular Economics Weekly

Popular Economics Weekly “Economic activity was suppressed in the first quarter due largely to the West Coast port disruptions and difficult weather patterns across the Northeast, but the economy is expected to gain momentum throughout the spring and reach previously … Continue reading →

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Mortgage Delinquencies Close to Pre-Recession Lows.

Posted on April 7, 2015 by Popular Economics Weekly

The Mortgage Corner Calculated Risk reports Black Knight Financial Services (BKFS) released their Mortgage Monitor report for February on Monday. According to BKFS, 5.36 percent of mortgages were delinquent in February, down from 5.56 percent in January. BKFS reported that … Continue reading →

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Housing In Recovery-Pending Home Sales Soar

Posted on April 2, 2015 by Popular Economics Weekly

The Mortgage Corner February Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 3.1 percent to 106.9 in February from a slight downward revision of 103.7 in January and is now 12.0 percent above February 2014 (95.4). … Continue reading →

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Why Doesn’t Government Want Fannie, Freddie to Succeed?

Posted on March 30, 2015 by Popular Economics Weekly

The Mortgage Corner At a time when the housing market is just beginning to recover, the US Treasury wants to close down Fannie Mae and Freddie Mac, the two GSEntities under government conservatorship. Counselor to the Secretary for Housing Finance … Continue reading →

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New Home Sales Surging

Posted on March 28, 2015 by Popular Economics Weekly

The Mortgage Corner New U.S. homes sold at an annual rate of 539,000 in February to mark the best month of sales in seven years, the government reported Tuesday. The pace of sales for January was also revised up sharply … Continue reading →

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2014 Household Formation Rebounds

Posted on March 16, 2015 by Popular Economics Weekly

Financial FAQs Breaking news. The latest Homeownership & Vacancy Survey, released by the Census Bureau, estimated household formation surged to 1.7 million in 2014 from 400,000 the previous year. That is really big news. Household formation, which is the bottom … Continue reading →

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Will 2015 Interest Rates Remain This Low?

Posted on March 12, 2015 by Popular Economics Weekly

The Mortgage Corner Record low interest rates are holding, in spite of the latest stock market selloffs, and may remain low throughout 2015. Why? Oil prices are still below $50/barrel, and overall prices are falling throughout the developed world. The … Continue reading →

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Pending Home Sales, Consumer Confidence Looking Better

Posted on March 2, 2015 by Popular Economics Weekly

The Mortgage Corner Oh, the winter is freezing consumers, as I’ve said! It affected January existing-home sales, but the NAR’s January Pending Home Sales index rose sharply 1.7 percent. So pending sales of contracts signed may give a boost to … Continue reading →

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