Category Archives: housing market

Housing Market Swoons

Posted on December 21, 2022 by Popular Economics Weekly

The Mortgage Corner Confidence among U.S. single-family home builders fell for a record 12th straight month in December as even a scramble to offer incentives for prospective buyers failed to boost traffic and lift sales in today’s high-inflation, high-interest rate … Continue reading →

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What Is the Real Inflation Rate?

Posted on December 14, 2022 by Popular Economics Weekly

The Mortgage Corner MarketWatch Nobel Prize-winner Joe Stiglitz has weighed in once more against Chairman Powell’s Federal Reserve boost of short-term interest rates further; because curent short-term rates have almost returned to the 2 percent target range—if we consider what … Continue reading →

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Consumer Sentiments Rising As Inflation Declines

Posted on December 9, 2022 by Popular Economics Weekly

The Mortgage Corner UnivMichigan Consumers are feeling more optimistic, and it’s probably because they are seeing price rises beginning to moderate and prices decline in some areas. The University of Michigan reported in its preliminary sentiment survey for December that … Continue reading →

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Record Amount Housing Under Construction

Posted on November 28, 2022 by Popular Economics Weekly

The Mortgage Corner Calculated Risk There are a record number of housing units under construction, in part because of pandemic delays in construction (e.g., material shortages), but also because home sales have fallen sharply since the Fed’s rate hikes. This … Continue reading →

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Homebuilders Losing Confidence

Posted on October 19, 2022 by Popular Economics Weekly

The Mortgage Corner Calculated Risk Builder confidence in the market for newly built single-family homes dropped eight points in October to 38—half the level it was just six months ago—according to the National Association of Home Builders (NAHB)/Wells Fargo Housing … Continue reading →

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Will U.S. Economy Slow Enough?

Posted on October 5, 2022 by Popular Economics Weekly

The Mortgage Corner Calculated Risk Is the economy slowing enough to cause the Fed to pause in their rather draconian rate hikes that have alarmed the financial markets enough to cause them to believe a recession is imminent? Wall Street’s … Continue reading →

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Homebuyers on the Move Again

Posted on September 23, 2022 by Popular Economics Weekly

The Mortgage Corner FRED30yrfixed Mortgage rates are on the march again, but so are homebuyers. How long must prospective homebuyers wait when average conforming 30-year fixed rates topped 6.29 percent this week per Freddie Mac and the Fed says they may push … Continue reading →

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Home Sales Returning to Normal

Posted on June 22, 2022 by Popular Economics Weekly

Financial FAQs FREDcalculatedrisk The home sales frenzy that has prevailed since COVID and rock bottom interest rates is finally subsiding. Existing-home sales retreated for the fourth consecutive month in May, according to the National Association of Realtors®. Month-over-month sales declined … Continue reading →

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Home Construction Catching Up

Posted on April 21, 2022 by Popular Economics Weekly

The Mortgage Corner Calculated Risk Calculated Risk’s Bill McBride says the most residential units are under construction since 1973, as can be seen in his Calculated Risk graph. “Combined, there are 1.622 million units under construction. It is the most … Continue reading →

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Home Sales Playing Catchup

Posted on March 18, 2022 by Popular Economics Weekly

The Mortgage Corner Rising interest rates are slowing housing sales, with interest rates up more than one percent since last year, though still in the affordable range.This is while inventories can’t keep up with the red-hot demand from home buyers. … Continue reading →

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