Category Archives: Housing

Q1 GDP Growth Better Than Estimate

Posted on April 25, 2024 by Popular Economics Weekly

The Mortgage Corner The initial estimate of first quarter 2024 Gross Domestic Product (GDP) growth was less than expected, causing financial markets to panic, even though economic growth is better than the initial estimate is reporting. The lower GDP estimate … Continue reading →

Posted in Consumers, COVID-19, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , | 1 Comment

Elevated Rates Endangering Economy

Posted on April 18, 2024 by Popular Economics Weekly

Financial FAQs Early predictions show first quarter economic growth picking up, but a little-known indicator of future growth, the Conference Board’s Index of Leading Economic Indicators (LEI) in March highlighted the danger that high interest rates hold for future growth. … Continue reading →

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Retail Sales Boost Q1 Growth

Posted on April 16, 2024 by Popular Economics Weekly

Financial FAQs Consumers haven’t slowed shopping, even during tax season. They keep boosting economic growth which is edging above annual predictions of 2 percent again. FREDretailsales Retail trade sales were up 0.8 percent (±0.5 percent) from February 2024, and up … Continue reading →

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Fourth Quarter Growth Even Better

Posted on March 28, 2024 by Popular Economics Weekly

The Mortgage Corner Economic growth is picking up and the housing market is following suit, which means the post-pandemic recovery is looking even better this year. The final reading of Q4 2023 U.S. Gross Domestic Product growth adjusted for inflation … Continue reading →

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New Home Sales Boost Housing Market

Posted on March 25, 2024 by Popular Economics Weekly

The Mortgage Corner The sale of new homes is boosting housing and the economy at a very opportune time—the beginning of a New Year when it’s still uncertain when the Fed will begin to cut their interest rates. This is … Continue reading →

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Consumers Want More Stability

Posted on March 20, 2024 by Popular Economics Weekly

The Mortgage Corner More consumers, and most Americans, are deciding they want calm after the instability of the Pandemic era. They are craving fewer economic disruptions for starters, such as the partisan wars that have stymied budget negotiations. “Nearly three-quarters … Continue reading →

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Another Housing Recession?

Posted on February 22, 2024 by Popular Economics Weekly

The Mortgage Corner The 30-year conforming fixed rate has again risen above 7 percent in just one month, and the effect is immediate. Housing construction has slowed once again, in spite of the severe housing shortage. Construction is 14.8 percent … Continue reading →

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Why the Inflation Debate?

Posted on February 14, 2024 by Popular Economics Weekly

The Mortgage Corner This month’s Consumer Price index looked hotter at first glance, but it wasn’t. It was slightly cooler, so there was no real reason for yesterday’s 500 pt. plunge in the DOW. That’s where the debate is raging … Continue reading →

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Will 2024 Be Even Better?

Posted on January 30, 2024 by Popular Economics Weekly

The Mortgage Corner The US economy grew either 2.5 percent or 3.1 percent annually in 2023, whichever GDP growth indicator you choose. Why such strong growth when the rest of the world is still recovering from the COVID pandemic? Even … Continue reading →

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US Economy Has Landed

Posted on January 25, 2024 by Popular Economics Weekly

Popular Economics Weekly There is no longer any doubt with the initial estimate of fourth quarter GDP growth just in. The US economy has made a soft landing. The economy grew 3.3 percent in Q4 after a 4.9 percent increase … Continue reading →

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