Category Archives: Weekly Financial News

Why Have a Higher Minimum Wage?

Posted on June 17, 2014 by Popular Economics Weekly

Popular Economics Weekly The International Monetary Fund just came out with a depressing prognosis for US economic growth—2 percent this year, and maybe 3 percent next year? Why? A too bad winter, slowdown in the housing market, and stagnant wages. … Continue reading →

Posted in Consumers, Economy, Housing, Macro Economics, Weekly Financial News | Tagged , , , , , , | 1 Comment

Home Sizes Ballooning Again

Posted on June 6, 2014 by Popular Economics Weekly

The Mortgage Corner Housing sizes are ballooning, after a slight pause due to the Great Recession, reports the U.S. Census Bureau and Marketwatch. In 2013 the median floor area of new single-family homes sold in the U.S. rose 4 percent … Continue reading →

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What is Employment Like in 2014?

Posted on June 5, 2014 by Popular Economics Weekly

Popular Economics Weekly Jobless claims fell sharply in the May 24 week, down 27,000 to 300,000. The 4-week average is down a very sharp 11,250 to a new recovery low of 311,500. It should mean we will see a further … Continue reading →

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T Piketty and Capital Beyond the 21st Century

Posted on May 26, 2014 by Popular Economics Weekly

Popular Economics Weekly Thomas Piketty’s Capital in the 21st Century is about more than proving that excessive income and wealth inequality has been the norm over centuries by so-called free market capitalism, or its social democratic versions in Europe. It’s … Continue reading →

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Where Is Housing Affordable Anymore?

Posted on May 23, 2014 by Popular Economics Weekly

Financial FAQs How much salary do you need in order to afford the principal and interest payments on a median-priced home in your metro area? To find out, HSH.com, a mortgage data service, took the National Association of Realtors’ first-quarter … Continue reading →

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New-Home Construction, Permits Soar

Posted on May 19, 2014 by Popular Economics Weekly

The Mortgage Corner Housing starts jumped in April and building permits hit their highest level in nearly six years, offering hope the weak housing market could be stabilizing, according to the US Census Bureau’s April report on housing starts.  This … Continue reading →

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New Fannie, Freddie Regulator Won’t Cut Loan Limits

Posted on May 13, 2014 by Popular Economics Weekly

The Mortgage Corner WASHINGTON (MarketWatch) — This headline just out.  Mortgage-finance giants Fannie Mae and Freddie Mac won’t be directed to lower the limits for mortgages that they back, the new head of their federal regulator said Tuesday. In a … Continue reading →

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Why Low Interest Rates Are Here to Stay

Posted on May 6, 2014 by Popular Economics Weekly

Financial FAQs Some have called it a Putin bond rally. Or it might be new Fed Chairperson Yellen’s determination to keep interest rates as low as possible, until economic prosperity returns to Main Street. It might as well be because … Continue reading →

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288,000 Payroll Jobs Created

Posted on May 2, 2014 by Popular Economics Weekly

Financial FAQs Is the Great Recession finally over? It would seem so with total nonfarm payroll employment up by 288,000, and the unemployment rate down by 0.4 percentage point to 6.3 percent in April, the U.S. Bureau of Labor Statistics … Continue reading →

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Home Price Strength To Boost Sales

Posted on April 29, 2014 by Popular Economics Weekly

The Mortgage Corner Data through February 2014, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, show that the annual rates of gain posted 13.1 (in 10-city index) and 12.9 percent (20-city index) in the twelve … Continue reading →

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