Category Archives: housing market

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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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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