Category Archives: Housing

Retail Sales Portend +4 Percent GDP in 2015

Posted on December 15, 2014 by Popular Economics Weekly

Popular Economics Weekly We have said that the prospect of higher interest rates next year may spur some extraordinary growth over the next few quarters, and just out holiday retail sales seem to be fulfilling that prophecy.  Consumer spending is … Continue reading →

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Will 2014 Be Best Employment Year Since 1999?

Posted on December 5, 2014 by Popular Economics Weekly

Popular Economics Weekly Calculated Risk’s Bill McBride has just come out with a noteworthy prediction. This could be the best year for private employment since 1999. “The consensus is the economy will add another 220 thousand jobs in November (215 … Continue reading →

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GDP Growth Higher, Case-Shiller Prices Steady

Posted on December 1, 2014 by Popular Economics Weekly

The Mortgage Corner The economy in the second and third quarters posted its best back-to-back growth in 11 years, And the Conference Board’s Index of Leading Economic Indicators showed strong growth over the next six months. offering fresh evidence that … Continue reading →

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Housing Picks Up, Builder Confidence Highest in 7 Years

Posted on November 20, 2014 by Popular Economics Weekly

The Mortgage Corner Builders are most optimistic about single family homes, and the youngest adults are finally beginning to leave their parents’ nest, apparently. The National Association of Home Builders/Wells Fargo gauge rose four points to 58 in November, near … Continue reading →

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Mortgage Delinquency and Foreclosure Rates Lowest Since 2007

Posted on November 17, 2014 by Popular Economics Weekly

The Mortgage Corner The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.85 percent of all loans outstanding at the end of the third quarter of 2014. This is approaching the historical … Continue reading →

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Government Spending Boosts Q3 GDP

Posted on October 31, 2014 by Popular Economics Weekly

Popular Economics Weekly WASHINGTON (MarketWatch) — The U.S. economy grew by a 3.5 percent annual rate in the third quarter, fueled by a surge in exports and the biggest jump in federal spending in five years, screamed one headline this … Continue reading →

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Consumer Confidence Soaring, Case-Shiller Home Prices Unchanged

Posted on October 29, 2014 by Popular Economics Weekly

Popular Economics Weekly Why are stock prices rallying?  Maybe it’s because though housing price increases have slowed, consumer confidence is soaring for the holidays.  The prospect for future job and income growth looks good, in other words Home prices contracted … Continue reading →

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Pending and New-Home Sales Looking Up

Posted on October 28, 2014 by Popular Economics Weekly

The Mortgage Corner Sales of new single-family houses are barely budging from their recession lows. But pending home sales for September nudged up to the highest this year, which is a sign that record low interest rates are bringing buyers … Continue reading →

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Existing-Home Sales Highest in Year

Posted on October 21, 2014 by Popular Economics Weekly

The Mortgage Corner The National Association of Realtors reports total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 2.4 percent to a seasonally adjusted annual rate of 5.17 million in September from 5.05 … Continue reading →

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Fannie/Freddie, Home Prices in Good Shape

Posted on October 13, 2014 by Popular Economics Weekly

The Mortgage Corner Government-sponsored enterprises Fannie Mae and Freddie Mac brought in a combined second-quarter net income of $5 billion, nearly half of the $9.3 billion the two made in the first quarter of 2014, the Federal Housing Finance Agency’s … Continue reading →

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