Category Archives: Housing

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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Will Omicron Slow Economic Growth in 2022?

Posted on January 22, 2022 by Popular Economics Weekly

Popular Economics Weekly BEA.gov Surprise, surprise, the latest data show that the Omicron variant has done little damage to economic growth. The current predictions for fourth quarter growth are 5-6 percent, more than making up for the 2.3 percent Q3 … 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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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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Consumer Confidence, Home Prices Soar For How Long?

Posted on July 1, 2021 by Popular Economics Weekly

Financial FAQs Conference Board Consumer confidence is at record highs, as growing numbers of consumers believe the roaring 2020’s recovery is here to stay. And it’s also sending home price increases to record highs. But this isn’t another housing bubble. … Continue reading →

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Can We Fix the Housing Shortage?

Posted on June 23, 2021 by Popular Economics Weekly

The Mortgage Corner Calculated Risk Existing-home sales of single-family, condos and apartments were down slightly from their recent highs for a number of reasons. This is while demand for housing is skyrocketing with home prices up 20 percent year-over-year, but … Continue reading →

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