Category Archives: housing market

Most Homes Under Construction in 49 Years!

Posted on February 22, 2022 by Popular Economics Weekly

The Mortgage Corner Calculated Risk Builders are trying to catch up to demand. Calculated Risk’s Bill McBride per the US Census Bureau reports the largest number of homes under construction since 1973. Privately‐owned housing starts in December were at a … Continue reading →

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Best Home Sales in Years

Posted on January 26, 2022 by Popular Economics Weekly

The Mortgage Corner Home sales are holding up and prices slowly moderating, even with limited inventories. December new-home sales jumped 12 percent in a year, according to the US Census Bureau. Also in 2021, existing-home sales totaled 6.12 million – … Continue reading →

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Are Home Prices Moderating?

Posted on January 6, 2022 by Popular Economics Weekly

The Mortgage Corner There are small signs of a slowdown in the rise of housing prices. Core Logic, a real estate data provider, sees some moderation in this New Year. “As we close 2021, housing market indicators, including S&P CoreLogic Case-Shiller Index, … Continue reading →

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Here’s To a Lasting Housing Recovery!

Posted on December 23, 2021 by Popular Economics Weekly

The Mortgage Corner Since it is the holidays, I want to propose a New Year’s toast to a lasting housing recovery. Firstly, home builders are beginning to play catchup with the housing shortage that has plagued those wanting a place … Continue reading →

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Are Interest Rates Too Low?

Posted on December 11, 2021 by Popular Economics Weekly

The Mortgage Corner Should home buyers worry about the record-low interest rates in the near or distant future? Because interest rates are at post-World War II lows, the super cheap money is helping to drive up annual home price rates into … Continue reading →

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Why are So Many Quitting?

Posted on November 17, 2021 by Popular Economics Weekly

Popular Economics Weekly Calculated Risk Several headlines last Friday screamed 4.4 Million Workers Quit Their Jobs, as if that was the most important takeaway from the Labor Department’s October JOLTS report. But there were also 6.5 million hires (dark blue … Continue reading →

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How Do We Build More Housing?

Posted on September 22, 2021 by Popular Economics Weekly

The Mortgage Corner Calculated Risk The housing market is cooling as is the fall weather. It’s not good news for those needing to live somewhere, given the low for sale inventory. But interest rates still remain at record lows, with … Continue reading →

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California’s NIMBY Problem

Posted on August 30, 2021 by Popular Economics Weekly

The Mortgage Corner Calculated Risk It’s no secret that California has a housing problem. Its bias for single-family, ‘not-in-my-backyard’ (NIMBY) zoning since the 1960s has finally caught up with reality—in the form of more than 150,000 residents homeless and some 700,000 … Continue reading →

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July Housing Sales Stay Strong

Posted on August 25, 2021 by Popular Economics Weekly

The Mortgage Corner Calculated Risk WASHINGTON (August 23, 2021) – Existing-home sales rose in July, marking two consecutive months of increases, according to the National Association of Realtors®. Three of the four major U.S. regions recorded modest month-over-month gains, and … Continue reading →

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Why Keep Interest Rates This Low?

Posted on July 15, 2021 by Popular Economics Weekly

Financial FAQs FREDPersavings Inflation isn’t yet a problem, but are very low interest rates becoming a problem? Interest rates have been at record lows for years, thanks to the Federal Reserve that has been buying up enough bonds and mortgage … Continue reading →

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