Category Archives: housing market

Inflation is Now Tamed?

Posted on May 10, 2023 by Popular Economics Weekly

Popular Economics Weekly FREDcpi Has Chairman Jerome Powell’s Federal Reserve been suffering from a giant inferiority complex, from the fear that its actions are not being taken seriously enough and so it tends to overreact to crises? That seems to … Continue reading →

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More Housing Sorely Needed

Posted on May 4, 2023 by Popular Economics Weekly

The Mortgage Corner I said last week that higher new home sales and rising homebuilders’ optimism foretells a strong summer sales season if builders and existing-home inventories don’t run out of housing stock. The construction industry is responding. Spending in … Continue reading →

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New Home Sales Increasing

Posted on April 26, 2023 by Popular Economics Weekly

The Mortgage Corner Census.gov Sales of new single‐family houses in March 2023 were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. … Continue reading →

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More Soft Landing News!

Posted on April 5, 2023 by Popular Economics Weekly

The Mortgage Corner The banking failures have begun to raise hopes the Fed will take a pause in its rate hikes. Now more signs of a weakening economy have added to that possibility, a real possibility the Fed will cease … Continue reading →

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Homebuyers on the Move Early

Posted on March 29, 2023 by Popular Economics Weekly

The Mortgage Corner The home-buying season has begun earlier this year from a large rise in existing-home and new-home sales. It looks like families are already on the move, including retirees and seniors downsizing to more humble quarters. Calculated Risk … Continue reading →

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Housing Market Recovery–Part II

Posted on March 18, 2023 by Popular Economics Weekly

The Mortgage Corner Calculate Risk Real estate continues its slight recovery with housing starts and new residential permits on the rise in February. Most of the action was in rental housing, as apartment construction is up 9.9 percent YoY in … Continue reading →

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Housing Market Is Recovering

Posted on February 28, 2023 by Popular Economics Weekly

The Mortgage Corner Census.gov Real estate is the industry most affected by rising interest rates, so it’s encouraging to see that housing sales are showing signs of a revival. Both new-home and pending home sales jumped in January, even with … Continue reading →

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Q4 Growth Continues

Posted on February 24, 2023 by Popular Economics Weekly

BEAgdp Last year is ending in better shape than it began. Instead of shrinking in the first two quarters of 2022, US GDP growth has turned positive in Q3 and Q4, as portrayed in the above graph of real, or … Continue reading →

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What Interest Rates Are Declining?

Posted on February 9, 2023 by Popular Economics Weekly

The Mortgage Corner FRED30yr The average 30-year fixed rate conforming mortgage has declined almost one percent since November 2022 to the current 6.12 percent as of February 2023, per the St. Louis Fed. The housing sector has been a leading … Continue reading →

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Housing Market Swoon–Part II

Posted on January 20, 2023 by Popular Economics Weekly

The Mortgage Corner CalculatedRisk Despite improved builder sentiments, privately‐owned housing starts were down in December at a seasonally adjusted annual rate of 1,382,000. This is 1.4 percent below the revised November estimate of 1,401,000 and is 21.8 percent below the December … Continue reading →

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