Category Archives: housing market

Consumer Services Show Growth Rebound

Posted on September 6, 2023 by Popular Economics Weekly

Popular Economics Weekly TradingEconomics Why are the likes of Goldman Sachs chief economist Jan Hatzius predicting no looming recession and better economic growth ahead? It’s partly because of Bidenomics, the boost to growth that the infusion of $billions into renewal … Continue reading →

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Here’s to a Return of Normal – Part II

Posted on September 2, 2023 by Popular Economics Weekly

Popular Economics Weekly MarketWatch Another unemployment report confirms the US economy is returning to normal, and Americans can breathe easier about the danger of a recession. By that I mean adding a more normal 187,000 new jobs in July is … Continue reading →

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Why Such High Interest Rates?

Posted on August 23, 2023 by Popular Economics Weekly

The Mortgage Corner I said last month the National Association of Realtor’s chief economist Lawrence Yun’s exclamation “the housing recession is over,” was because the NAR’s Pending Home Sales (i.e., homes under contract but not closed) rose for the first … Continue reading →

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“The Housing Recession Is Over!”

Posted on July 29, 2023 by Popular Economics Weekly

The Mortgage Corner One should maybe forgive National Association of Realtor’s chief economist Lawrence Yun’s enthusiasm when he exclaimed “the housing recession is over,” because the NAR’s Pending Home Sales rose for the first time in four months. And this … Continue reading →

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There’s a Housing Shortage

Posted on July 21, 2023 by Popular Economics Weekly

The Mortgage Corner We know the spring buying season barely got off the ground because of elevated mortgage rates, I said last week. Another reason was elevated prices, due to the housing shortage. And builders aren’t keeping up with homebuyers’ … Continue reading →

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Homebuying Season Continues

Posted on July 12, 2023 by Popular Economics Weekly

The Mortgage Corner We know the spring buying season barely got off the ground because of elevated mortgage rates. But there are enough homes for sale to continue purchases into the summer. An analysis by Redfin, the national real estate … Continue reading →

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Single-Family Construction Surging

Posted on June 21, 2023 by Popular Economics Weekly

The Mortgage Corner I said last week that higher new home sales and rising homebuilders’ optimism foretell a strong summer sales season if builders and existing-home inventories don’t run out of housing stock. We are now seeing more single-family construction … Continue reading →

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Homeowners Have Record Equity

Posted on June 12, 2023 by Popular Economics Weekly

The Mortgage Corner Meredith Whitney, a noted real estate consultant recently interviewed on CNBC’s Squawk Box, said American homeowners have a record amount of equity in their homes. The average Loan-to-Value (LTV) of mortgages has dropped to 30 percent, which … Continue reading →

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This Recovery Another ‘Roaring Twenties’?

Posted on May 23, 2023 by Popular Economics Weekly

Financial FAQs AtlantaFed.org I wonder if our recovery from the COVID-19 pandemic could repeat the ‘Roaring Twenties’ jazz era of F Scott Fitzgerald. Why not? There are some surprising similarities. The Roaring Twenties were named for the era that followed … Continue reading →

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Existing-Home Sales Still in Decline

Posted on May 18, 2023 by Popular Economics Weekly

The Mortgage Corner I said last week that higher new home sales and rising homebuilders’ optimism foretell a strong summer sales season if builders and existing-home inventories don’t run out of housing stock. The problem is not enough existing homes … Continue reading →

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