Category Archives: Weekly Financial News

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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Post-WWII Lessons—How to Reduce Debt?

Posted on January 17, 2014 by Popular Economics Weekly

Financial FAQs There is a productive way to pay down the federal and consumer debt loads instead of the austerity policies currently in vogue both here and in Europe (i.e., that cut taxes and government spending). It’s means implementing policies … Continue reading →

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Unemployment Still the Problem

Posted on January 13, 2014 by Popular Economics Weekly

Financial FAQs Friday’s U.S. unemployment report might have been an aberration due to the severe winter with just 74,000 nonfarm payroll jobs created, according to the Bureau of Labor Statistics, but how many of those workers who left the labor … Continue reading →

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Housing Inventories, Price Rises Slowing

Posted on January 7, 2014 by Popular Economics Weekly

The Mortgage Corner The most important housing statistic in 2014 will be whether inventories continue to increase. Low inventories are hurting sales, and Goleta, California is helping local supplies with several new housing projects in the works. This is because … Continue reading →

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Beware of the Taperians!

Posted on January 6, 2014 by Popular Economics Weekly

Popular Economics Weekly Now that the Fed has begun to reduce its QE3 securities’ purchases $10B per month in January, what will that do for growth? My answer is it’s too soon to say. Firstly, beware of the ‘Taperians’, those … Continue reading →

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The Great Income Divergence—II

Posted on January 3, 2014 by Popular Economics Weekly

Financial FAQs Ben Bernanke is now defending his record as Fed Chairman. He shouldn’t have to, as without the Fed’s easy money policies—such as QE3—the economy would surely have plunged back into recession, as the European Union has done with … Continue reading →

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Mortgage Defaults Continue to Fall

Posted on January 2, 2014 by Popular Economics Weekly

The Mortgage Corner Fannie Mae reported last week that the Single-Family Serious Delinquency rate declined in November to 2.44 percent from 2.48 percent in October. The serious delinquency rate is down from 3.30 percent in November 2012, and this is … Continue reading →

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What Happens in 2014??

Posted on December 22, 2013 by Popular Economics Weekly

Popular Economics Weekly Next year could start with a bang. U.S. third quarter Gross Domestic Product expanded at 4.1 percent, revised up from 3.6 percent, with consumer spending a main driver of growth. This has to mean consumers are feeling … Continue reading →

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Where is The Inflation??

Posted on December 19, 2013 by Popular Economics Weekly

Financial FAQs The answer, in a nutshell, is it’s nowhere to be found. All current worldwide and domestic inflation indicators show depressed demand for goods and services, hence there is little incentive to raise prices. Therefore businesses are spending little … Continue reading →

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