Category Archives: Housing

Where’s the Recession?

Posted on October 26, 2023 by Popular Economics Weekly

Popular Economics Weekly Is waiting for the next recession becoming a useless guessing game? Maybe even the event itself has less meaning these days when conditions can change so quickly. We have declining existing home sales yet surging new-home sales … Continue reading →

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Housing Must Be Saved

Posted on October 23, 2023 by Popular Economics Weekly

The Mortgage Corner Realtors are loudly crying that holding interest rates at the current high level for a prolonged period is destroying the housing market., I said recently. Existing-home sales are now at the lowest level since the Great Recession, … Continue reading →

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Too Little Growth a Danger

Posted on October 19, 2023 by Popular Economics Weekly

Popular Economics Weekly Rather than worry about too much inflation still in the pipeline, we should worry about too little economic growth going forward, if we take Chairman Powell at his word in his latest speech at a recent economic … Continue reading →

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Consumer Services Show Growth Rebound

Posted on September 6, 2023 by Popular Economics Weekly

Popular Economics Weekly TradingEconomics Why are the likes of Goldman Sachs chief economist Jan Hatzius predicting no looming recession and better economic growth ahead? It’s partly because of Bidenomics, the boost to growth that the infusion of $billions into renewal … Continue reading →

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Here’s to a Return of Normal – Part II

Posted on September 2, 2023 by Popular Economics Weekly

Popular Economics Weekly MarketWatch Another unemployment report confirms the US economy is returning to normal, and Americans can breathe easier about the danger of a recession. By that I mean adding a more normal 187,000 new jobs in July is … Continue reading →

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Why Such High Interest Rates?

Posted on August 23, 2023 by Popular Economics Weekly

The Mortgage Corner I said last month the National Association of Realtor’s chief economist Lawrence Yun’s exclamation “the housing recession is over,” was because the NAR’s Pending Home Sales (i.e., homes under contract but not closed) rose for the first … Continue reading →

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There’s a Housing Shortage

Posted on July 21, 2023 by Popular Economics Weekly

The Mortgage Corner We know the spring buying season barely got off the ground because of elevated mortgage rates, I said last week. Another reason was elevated prices, due to the housing shortage. And builders aren’t keeping up with homebuyers’ … Continue reading →

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Homebuying Season Continues

Posted on July 12, 2023 by Popular Economics Weekly

The Mortgage Corner We know the spring buying season barely got off the ground because of elevated mortgage rates. But there are enough homes for sale to continue purchases into the summer. An analysis by Redfin, the national real estate … Continue reading →

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Single-Family Construction Surging

Posted on June 21, 2023 by Popular Economics Weekly

The Mortgage Corner I said last week that higher new home sales and rising homebuilders’ optimism foretell a strong summer sales season if builders and existing-home inventories don’t run out of housing stock. We are now seeing more single-family construction … Continue reading →

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Homeowners Have Record Equity

Posted on June 12, 2023 by Popular Economics Weekly

The Mortgage Corner Meredith Whitney, a noted real estate consultant recently interviewed on CNBC’s Squawk Box, said American homeowners have a record amount of equity in their homes. The average Loan-to-Value (LTV) of mortgages has dropped to 30 percent, which … Continue reading →

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