Category Archives: Housing

Home Sales Returning to Normal

Posted on June 22, 2022 by Popular Economics Weekly

Financial FAQs FREDcalculatedrisk The home sales frenzy that has prevailed since COVID and rock bottom interest rates is finally subsiding. Existing-home sales retreated for the fourth consecutive month in May, according to the National Association of Realtors®. Month-over-month sales declined … Continue reading →

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What is a Livable City?

Posted on June 17, 2022 by Popular Economics Weekly

Building Community Answering Kennedy’s Call Chapter Twelve I and several others living in Santa Barbara and the Goleta Valley were interested in a more ecologically friendly and less auto-dependent community. Drs. Susanne Lennard, architect, and her husband, child psychologist Henry … Continue reading →

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Home Construction Catching Up

Posted on April 21, 2022 by Popular Economics Weekly

The Mortgage Corner Calculated Risk Calculated Risk’s Bill McBride says the most residential units are under construction since 1973, as can be seen in his Calculated Risk graph. “Combined, there are 1.622 million units under construction. It is the most … Continue reading →

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Home Sales Playing Catchup

Posted on March 18, 2022 by Popular Economics Weekly

The Mortgage Corner Rising interest rates are slowing housing sales, with interest rates up more than one percent since last year, though still in the affordable range.This is while inventories can’t keep up with the red-hot demand from home buyers. … Continue reading →

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Most Homes Under Construction in 49 Years!

Posted on February 22, 2022 by Popular Economics Weekly

The Mortgage Corner Calculated Risk Builders are trying to catch up to demand. Calculated Risk’s Bill McBride per the US Census Bureau reports the largest number of homes under construction since 1973. Privately‐owned housing starts in December were at a … Continue reading →

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Inflation is Not So Scary

Posted on February 10, 2022 by Popular Economics Weekly

Financial FAQs FREDcpi It can be no surprise that retail prices have risen 7.5 percent in a year. Yet COVID-19 has scared financial markets and some 3 million workers from returning to their pre-pandemic jobs. The question is what can … Continue reading →

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Best Home Sales in Years

Posted on January 26, 2022 by Popular Economics Weekly

The Mortgage Corner Home sales are holding up and prices slowly moderating, even with limited inventories. December new-home sales jumped 12 percent in a year, according to the US Census Bureau. Also in 2021, existing-home sales totaled 6.12 million – … Continue reading →

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Will Omicron Slow Economic Growth in 2022?

Posted on January 22, 2022 by Popular Economics Weekly

Popular Economics Weekly BEA.gov Surprise, surprise, the latest data show that the Omicron variant has done little damage to economic growth. The current predictions for fourth quarter growth are 5-6 percent, more than making up for the 2.3 percent Q3 … Continue reading →

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Are Home Prices Moderating?

Posted on January 6, 2022 by Popular Economics Weekly

The Mortgage Corner There are small signs of a slowdown in the rise of housing prices. Core Logic, a real estate data provider, sees some moderation in this New Year. “As we close 2021, housing market indicators, including S&P CoreLogic Case-Shiller Index, … Continue reading →

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Here’s To a Lasting Housing Recovery!

Posted on December 23, 2021 by Popular Economics Weekly

The Mortgage Corner Since it is the holidays, I want to propose a New Year’s toast to a lasting housing recovery. Firstly, home builders are beginning to play catchup with the housing shortage that has plagued those wanting a place … Continue reading →

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