Category Archives: Weekly Financial News

Existing-Home Sales Slow in January

Posted on February 25, 2014 by Popular Economics Weekly

The Mortgage Corner Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 5.1 percent to a seasonally adjusted annual rate of 4.62 million in January from 4.87 million in December, and are 5.1 … Continue reading →

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Consumer Debts Returning to ‘Normal’

Posted on February 21, 2014 by Popular Economics Weekly

Popular Economics Weekly The NY Fed released their 2013 Q4 Household Debt and Credit Report. The report showed that total household debt is 9.1 percent below the Q3 2008 peak. Mortgage debt is down 13.4 percent from the peak, and … Continue reading →

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Hoorays For New Fed Chair Janet Yellen

Posted on February 18, 2014 by Popular Economics Weekly

Financial FAQs Fed Chairwoman Janet Yellen’s congressional testimony proved that she is more than qualified to steer the US economy back to health. She is the economists’ economist, in a word, willing to explain the most basic economic truths in … Continue reading →

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Housing Inventories Continue Increase

Posted on February 11, 2014 by Popular Economics Weekly

The Mortgage Corner Calculated Risk and Housing Tracker report that existing-home for sale inventories have increased 4.7 percent in February. It is good news for those who worry that the lack of inventory will hold back existing-home sales this year. … Continue reading →

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Weak Employment–American Austerity at Work

Posted on February 10, 2014 by Popular Economics Weekly

Popular Economics Weekly Is economic growth grinding to a halt, even as pundits predicted better growth in 2014? Nonfarm payrolls have advanced just 188,000 over the past 2 months, when this was the average montly increase in prior months. It … Continue reading →

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Pending Home Sales Show Weakness

Posted on January 31, 2014 by Popular Economics Weekly

The Mortgage Corner Where is a housing bubble? Some pundits have been saying that housing prices, up some 13 percent in a year, may have been rising too fast. This is mainly because too few homes on the market, and … Continue reading →

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New-Home Sales In Seasonal Decline?

Posted on January 28, 2014 by Popular Economics Weekly

The Mortgage Corner Sales of newly built, single-family homes fell 7 percent to a seasonally adjusted annual rate of 414,000 units in December, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. … Continue reading →

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Where Are The Brave Ones?

Posted on January 26, 2014 by Popular Economics Weekly

Popular Economics Weekly Now that China has replaced 1980s Japan as the economy that might surpass us, can we find one brave policy maker, (including President Obama), that’s willing to sound the alarm? China now has a robot roaming the … Continue reading →

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2013 Home Sales Highest Since 2006

Posted on January 23, 2014 by Popular Economics Weekly

The Mortgage Corner The National Association of Realtors (NAR) just reported that for all of 2013, there were 5.09 million sales, which is 9.1 percent higher than 2012. It was the strongest performance since 2006 when sales reached an unsustainably … Continue reading →

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Higher Economic Growth In 2014

Posted on January 22, 2014 by Popular Economics Weekly

Financial FAQs We should be seeing a huge jump in economic growth this year. Why? Most economists are saying businesses are more optimistic with the federal budget agreement for 2 years, and no more tax increases hanging over consumers (and … Continue reading →

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