Category Archives: Housing

Why Record Low Mortgages Rates?

Posted on July 13, 2016 by Popular Economics Weekly

The Mortgage Corner Mortgage applications increased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 8, 2016. It’s a result of mortgage rates dropping to … Continue reading →

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Builder Optimism Returning to Historical Levels

Posted on June 17, 2016 by Popular Economics Weekly

The Mortgage Corner After holding steady for the past four months, builder confidence in the market for newly constructed single-family homes rose two points in June to a level of 60 on the National Association of Home Builders/Wells Fargo Housing … Continue reading →

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Who Are the Homeowners?

Posted on June 15, 2016 by Popular Economics Weekly

The Mortgage Corner The Atlanta Federal Reserve Bank just published a housing study entitled, “It’s Not Just Millennials Who Aren’t Buying Homes,” that breaks down homeownership by age and household status. And the results show that age and whether one … Continue reading →

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Future Home Sales Also Soaring

Posted on May 28, 2016 by Popular Economics Weekly

The Mortgage Corner It looks like housing sales this year could return to pre-recession levels (though not into bubble territory), as all 3 major housing stats—existing, new, and now Pending-home sales are off to a good start in 2016. Pending … Continue reading →

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New-Home Sales Also Climbing

Posted on May 24, 2016 by Popular Economics Weekly

Financial FAQs “Sales of new single-family houses in April 2016 were at a seasonally adjusted annual rate of 619,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is … Continue reading →

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Existing-Home Sales Soaring

Posted on May 23, 2016 by Popular Economics Weekly

The Mortgage Corner There is more news the housing market is recovering—from the Great Recession, that is. But it’s still below pre-recession levels. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.7 … Continue reading →

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Housing Affordability Improving

Posted on May 13, 2016 by Popular Economics Weekly

The Mortgage Corner Spurred by a modest reduction in mortgage interest rates and favorable home prices, nationwide housing affordability in the first quarter of 2016 posted a slight increase, according to the National Association of Home Builders/Wells Fargo Housing Opportunity … Continue reading →

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Fannie Mae, GSEs, Even More Important

Posted on May 5, 2016 by Popular Economics Weekly

The Mortgage Corner With news that Fannie Mae, one of the GSEs now managed by the Federal Housing Finance Authority (and US Treasury) just showed a $1.1B profit in Q1, but must pass all of it profits to Treasury since … Continue reading →

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Fed Stays in Accommodative Mode

Posted on April 27, 2016 by Popular Economics Weekly

Popular Economics Weekly It looks like Janet Yellen’s Fed will continue to keep interest rates low this year, based on the latest FOMC press release. This is great news for the housing market, in particular, but not necessarily for consumers … Continue reading →

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Why Not More Homes For Sale?

Posted on April 26, 2016 by Popular Economics Weekly

Financial FAQs Many Realtors and economists have been asking this question. Why such a low housing inventory? Total existing-home sales jumped 5.1 percent to a seasonally adjusted annual rate of 5.33 million in March from a downwardly revised 5.07 million … Continue reading →

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