Category Archives: Weekly Financial News

Case-Shiller Home Prices Take Off

Posted on September 26, 2013 by Popular Economics Weekly

The Mortgage Corner The July S&P Case-Shiller home price index shows home prices are in full recovery mode. Over the last 12 months, prices rose 12.3 percent and 12.4 percent as measured by the 10- and 20-City Composites in the … Continue reading →

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Why Didn’t Fed Reduce QE3?

Posted on September 20, 2013 by Popular Economics Weekly

Popular Economics Weekly Chairman Ben Bernanke attempted to answer that question at his post-FOMC press conference last Wednesday.  He said economic growth has slowed and so the Fed has reduced its growth projection to 2.0 to 2.30 percent for the … Continue reading →

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Existing Home Sales Take Off

Posted on September 19, 2013 by Popular Economics Weekly

The Mortgage Corner Existing-home sales have finally taken off, a sign that real estate might now be leading the economic recovery. Real estate has historically led past recoveries, by employing so many construction workers and professional services, but not this … Continue reading →

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What is a Real Minimum Wage?

Posted on September 18, 2013 by Popular Economics Weekly

Financial FAQs The debate on how to boost this economic recovery has now shifted to the federal minimum wage standard, now at $7.25 percent per hour. This is in part because the latest Census Bureau report shows 46.5 million Americans … Continue reading →

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More Home Equity, Fewer Defaults In Q2

Posted on September 10, 2013 by Popular Economics Weekly

The Mortgage Corner CoreLogic, a Southern California real estate data firm, also released new analysis showing approximately 2.5 million more residential properties returned to a state of positive equity during the second quarter of 2013, and the total number of … Continue reading →

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Bad Jobs Report, Another New Deal Needed

Posted on September 6, 2013 by Popular Economics Weekly

Financial FAQs We now know why this economic recovery has been so weak 4 years after the end of the Great Recession. The government has been taken out of the jobs market. Government spending has been cut, rather than increased … Continue reading →

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Mortgage Delinquencies Down, Equity Higher

Posted on September 3, 2013 by Popular Economics Weekly

Financial FAQs According to the second quarter Zillow Negative Equity Report, the national negative equity rate continued to fall in the second quarter, dropping to 23.8 percent of all homeowners with a mortgage from 25.4 percent in the first quarter … Continue reading →

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Labor’s Day Remembered

Posted on September 2, 2013 by Popular Economics Weekly

Popular Economics Weekly As we celebrate another Labor Day, a national holiday, how do we remember it? I would like to remember it as some other developed countries celebrate it. France, for instance, has enshrined the one-hour lunch, whereas a … Continue reading →

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Martin Luther King Worried About Economic Injustice

Posted on August 29, 2013 by Popular Economics Weekly

Popular Economics Weekly Martin Luther King said the basis of disparities between the races had as much to do with income inequality as outright racism in his book, Why We Can’t Wait.  “Many white Americans of good will have never … Continue reading →

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Case-Shiller Home Prices, Consumer Confidence Continue Rise

Posted on August 27, 2013 by Popular Economics Weekly

The Mortgage Corner Housing prices continue to climb, but not as fast in the hardest hit areas of Las Vegas and some Florida cities. This is probably because mortgage rates have already risen 1 percent. But rates are no longer … Continue reading →

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