Category Archives: housing market

Existing Home Sales Take Off

Posted on September 19, 2013 by Popular Economics Weekly

The Mortgage Corner Existing-home sales have finally taken off, a sign that real estate might now be leading the economic recovery. Real estate has historically led past recoveries, by employing so many construction workers and professional services, but not this … Continue reading →

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More Home Equity, Fewer Defaults In Q2

Posted on September 10, 2013 by Popular Economics Weekly

The Mortgage Corner CoreLogic, a Southern California real estate data firm, also released new analysis showing approximately 2.5 million more residential properties returned to a state of positive equity during the second quarter of 2013, and the total number of … Continue reading →

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Mortgage Delinquencies Down, Equity Higher

Posted on September 3, 2013 by Popular Economics Weekly

Financial FAQs According to the second quarter Zillow Negative Equity Report, the national negative equity rate continued to fall in the second quarter, dropping to 23.8 percent of all homeowners with a mortgage from 25.4 percent in the first quarter … Continue reading →

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Case-Shiller Home Prices, Consumer Confidence Continue Rise

Posted on August 27, 2013 by Popular Economics Weekly

The Mortgage Corner Housing prices continue to climb, but not as fast in the hardest hit areas of Las Vegas and some Florida cities. This is probably because mortgage rates have already risen 1 percent. But rates are no longer … Continue reading →

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Housing Starts, Builder Confidence Improve

Posted on August 19, 2013 by Popular Economics Weekly

Popular Economics Weekly Housing made somewhat of a comeback in July and taking into account wet weather on the East coast should be taken as stronger than face value.  Housing starts in July rebounded 5.9 percent after falling 7.9 percent … Continue reading →

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Will Interest Rates Continue to Rise?

Posted on August 16, 2013 by Popular Economics Weekly

The Mortgage Corner We think not.  Interest rates are rising, mainly due to some Fed Governors saying they may begin to end the QE3 purchase of securities later this year. But that is based on overly optimistic growth projections by … Continue reading →

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Economic Growth Still Too Slow

Posted on August 14, 2013 by Popular Economics Weekly

Popular Economics Weekly Part of the debate over whether the Fed’s QE3 purchases of securities should end is based on economic growth.  I.e., why isn’t U.S. Gross Domestic Product growing faster than the average annual 2.2 percent rate? Actually, Q1 … Continue reading →

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Why Is QE3 So Important For Housing?

Posted on August 8, 2013 by Popular Economics Weekly

The Mortgage Corner Alas, it does look like the Fed’s Governors are about to slow down the $85 Billion in monthly purchases of Treasury Bonds and Mortgage Backed Securities that have been holding down long term interest rates since last … Continue reading →

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New Home Sales Surging—First-timers Being Priced Out?

Posted on July 24, 2013 by Popular Economics Weekly

Financial FAQs New-home sales are surging, reports the U.S. Census Bureau. But who is buying them with interest rates up 1 percent since Chairman Bernanke made his infamous remark that QE3 bond buying could begin to slow in September? The … Continue reading →

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Are Home Prices Rising Too Fast?

Posted on July 22, 2013 by Popular Economics Weekly

The Mortgage Corner No, they are just catching up to 4 years of weak household formation and even weaker income growth. Home prices have been held down from a combination of government austerity policies and private sector hoarding since the … Continue reading →

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