Category Archives: Housing

Household Formation Key To Housing Recovery

Posted on November 28, 2012 by Popular Economics Weekly

Financial FAQs The formation of new households—young adults leaving the homestead—has always been an important ingredient of home sales. We are talking about 18 to 34 year-olds who have been staying at home during the Great Recession for understandable reasons—whether … Continue reading →

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National Home Prices (Finally) Recovering

Posted on November 27, 2012 by Popular Economics Weekly

The Mortgage Corner Is the end of the housing bust in sight?  The Case-Shiller Home Price Index reported the fourth consecutive year-over-year (YoY) gain in their house price indexes since 2010 – and the increase back in 2010 was related … Continue reading →

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Southland Home Sales Up, Foreclosures Down

Posted on November 15, 2012 by Popular Economics Weekly

The Mortgage Corner Southern California home sales rose sharply in October as move-up buyers joined investors, according to San Diego-based DataQuick, shifting the mix of homes selling upward as foreclosure resales hit a five-year low. Southern California’s real estate market … Continue reading →

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More Jobs Equals Happier Consumers

Posted on November 5, 2012 by Popular Economics Weekly

Popular Economics Weekly It is not secret by now that whoever convinces the majority they are the best jobs creator will win the Presidential election. Today’s 171,000 payroll increase with upward revisions for the past 2 months may tilt things … Continue reading →

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New-Home Sales, Mortgages Boosting Growth

Posted on October 25, 2012 by Popular Economics Weekly

The Mortgage Corner Following the 15 percent housing construction bump in September, new-home sales rose 11.7 percent and are up 27 percent over September 2011, as inventories have shrunk to a meager 4.5 months, especially at the affordable level. The … Continue reading →

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Housing Construction, Retail Sales Surge

Posted on October 18, 2012 by Popular Economics Weekly

The Mortgage Corner Another sign that the economy is finally recovering—new housing starts surged 15 percent, to their highest levels since 2008 and the beginning of the Great Recession. This is boosting construction employment in particular, but also finance, insurance … Continue reading →

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Shadow Housing Inventory, Foreclosures Fall

Posted on October 10, 2012 by Popular Economics Weekly

The Mortgage Corner CoreLogic reported the current residential shadow inventory as of July 2012 fell to 2.3 million units, representing a supply of six months. This was a 10.2 percent drop from July 2011, when shadow inventory stood at 2.6 … Continue reading →

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Foreclosures Down, Mortgage Activity Surging

Posted on October 4, 2012 by Popular Economics Weekly

The Mortgage Corner The Mortgage Bankers Association reported that its Refinance Index increased 20 percent from the previous week. This was the highest Refinance Index recorded in the survey since April of 2009. The seasonally adjusted Purchase Index increased 4 … Continue reading →

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Existing-Home Sales Improve

Posted on September 22, 2012 by Popular Economics Weekly

Financial FAQs Home resales rose in August to their highest rate in more than two years and groundbreaking on new homes also climbed, signs that a budding housing market recovery is gaining traction. The National Association of Realtors said that … Continue reading →

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Bernanke’s QE3 Challenge

Posted on September 19, 2012 by Popular Economics Weekly

Popular Economics Weekly Should we call him King Ben? Much like King Arthur, Fed Chairman Bernanke and his Roundtable of Fed Governors have taken on the confidence fairies, to use Paul Krugmans’s term, the austerity promoters who believe the only … Continue reading →

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