Category Archives: Housing

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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Home Builder’s Confidence at High

Posted on September 18, 2012 by Popular Economics Weekly

The Mortgage Corner This is very big news. Builder confidence in the market for newly built, single-family homes rose for a fifth consecutive month in September to a level of 40 on the National Association of Home Builders/Wells Fargo Housing … Continue reading →

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Pending Home Sales, Prices Up For the Year

Posted on August 29, 2012 by Popular Economics Weekly

The Mortgage Corner Home prices are finally rising nationally, according to same sales in the S&P Case-Shiller Home Price Index. It showed that all three headline composites ended the second quarter of 2012 with positive annual growth rates for the … Continue reading →

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Real Estate Leading Recovery—Part II

Posted on August 23, 2012 by Popular Economics Weekly

The Mortgage Corner Further evidence that real estate is recovering is the drop in both vacancy rates and so-called Real Estate Owned (REO) properties—i.e., that banks have taken back in foreclosure. Several analysts, including Calculated Risk, believe this is absorbing … Continue reading →

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Consumer Spending Continues to Improve

Posted on August 15, 2012 by Popular Economics Weekly

FINANCIAL FAQs The most recent retail sales show consumers continue to spend, as consumer borrowing is increasing. Add to that credit card delinquencies are at an 18-year low, according to credit reporting company Transunion Corp., and we have a picture … Continue reading →

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Real Estate Now Leading Recovery

Posted on August 9, 2012 by Popular Economics Weekly

The Mortgage Corner Can it be that real estate will give a boost to the next stage of the U.S. recovery? Exports, and so manufacturing has stalled due to the China and European slowdown. Multiple indexes show rising real estate … Continue reading →

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Housing Values Jump in Q2 2012

Posted on August 1, 2012 by Popular Economics Weekly

The Mortgage Corner Consumers, perk up, as I said last week. Housing values are finally rising nationally. In fact, housing prices in all 20 city-metro areas in the Case-Shiller Home Price Index rose for the first time in years, before … Continue reading →

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HARP 2.0 Leads Mortgage Refinance Higher

Posted on July 18, 2012 by Popular Economics Weekly

The Mortgage Corner There is growing optimism that the real estate bust is finally at an end. The cause is a combination of record low interest rates leading to more refinance activity and increasing confidence of consumers in the economic … Continue reading →

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What Do June Jobs Numbers Mean?

Posted on July 12, 2012 by Popular Economics Weekly

Financial FAQs Is history repeating itself? Once more the June jobs numbers don’t look so good, but once more they will probably be misleading. Because, once more, it looks like the so-called seasonal adjustments (SA) are overestimating the summer jobs … Continue reading →

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