Category Archives: housing market

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 →

Posted in Consumers, COVID-19, Economy, housing market, Weekly Financial News | Leave a comment

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 →

Posted in Consumers, COVID-19, Housing, housing market, Weekly Financial News | Leave a comment

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 →

Posted in Consumers, COVID-19, Housing, housing market, Weekly Financial News | Leave a comment

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 →

Posted in Consumers, COVID-19, Housing, housing market, Weekly Financial News | Leave a comment

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 →

Posted in Consumers, COVID-19, Housing, housing market, Weekly Financial News | Leave a comment

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 →

Posted in Consumers, COVID-19, Housing, housing market, Weekly Financial News | Leave a comment

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 →

Posted in Consumers, COVID-19, Economy, Housing, housing market, Weekly Financial News | Leave a comment

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 →

Posted in Consumers, COVID-19, Housing, housing market, Weekly Financial News | Leave a comment

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 →

Posted in Consumers, COVID-19, Economy, Housing, housing market, Weekly Financial News | Leave a comment

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 →

Posted in Consumers, COVID-19, Economy, housing market, Weekly Financial News | Leave a comment