Category Archives: Housing

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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This Recovery Another ‘Roaring Twenties’?

Posted on May 23, 2023 by Popular Economics Weekly

Financial FAQs AtlantaFed.org I wonder if our recovery from the COVID-19 pandemic could repeat the ‘Roaring Twenties’ jazz era of F Scott Fitzgerald. Why not? There are some surprising similarities. The Roaring Twenties were named for the era that followed … Continue reading →

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Existing-Home Sales Still in Decline

Posted on May 18, 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. The problem is not enough existing homes … Continue reading →

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Inflation is Now Tamed?

Posted on May 10, 2023 by Popular Economics Weekly

Popular Economics Weekly FREDcpi Has Chairman Jerome Powell’s Federal Reserve been suffering from a giant inferiority complex, from the fear that its actions are not being taken seriously enough and so it tends to overreact to crises? That seems to … Continue reading →

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More Housing Sorely Needed

Posted on May 4, 2023 by Popular Economics Weekly

The Mortgage Corner I said last week that higher new home sales and rising homebuilders’ optimism foretells a strong summer sales season if builders and existing-home inventories don’t run out of housing stock. The construction industry is responding. Spending in … Continue reading →

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More Housing Needed

Posted on April 28, 2023 by Popular Economics Weekly

The Mortgage Corner Higher new home sales and rising homebuilders’ optimism foretells a strong summer sales season if builders and existing-home inventories don’t run out of housing stock. More new homes could also soften what is being termed a rolling recession with … Continue reading →

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New Home Sales Increasing

Posted on April 26, 2023 by Popular Economics Weekly

The Mortgage Corner Census.gov Sales of new single‐family houses in March 2023 were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. … Continue reading →

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