Category Archives: Weekly Financial News

Lower Inventory = Fewer Home Sales

Posted on February 22, 2018 by Popular Economics Weekly

The Mortgage Corner WASHINGTON (February 21, 2018) — Existing-home sales slumped for the second consecutive month in January and experienced their largest decline on an annual basis in over three years, according to the National Association of Realtors. All major … Continue reading →

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New-Home Construction Soaring

Posted on February 17, 2018 by Popular Economics Weekly

Financial FAQs Construction of new homes in the U.S., known as housing starts, jumped almost 10 percent in January to an annual rate of 1.33 million. That’s the second highest level since the Great Recession and it easily exceeded the … Continue reading →

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2018 Housing Market To Stay Strong

Posted on February 13, 2018 by Popular Economics Weekly

The Mortgage Corner Total existing-home sales1, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.1 percent in 2017 to a 5.51 million sales pace and surpassed 2016 (5.45 million) as the highest since 2006 … Continue reading →

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What is a Common Sense Stock Market?

Posted on February 7, 2018 by Popular Economics Weekly

Financial FAQs Pundits and stock traders seem to believe Friday and Monday’s stock “massacre” was caused by too-quick trigger fingers—in computers controlled by algorithms, not people. Whereas, investors and traders using their common sense would have seen the ‘yuge’ drop … Continue reading →

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Why the ‘Yuge’ Stock Market Selloff?

Posted on February 6, 2018 by Popular Economics Weekly

Popular Economics Weekly The quick answer is that too much money is chasing too few stocks, believe it or not. The record low interest rates—the 10-year treasury yield just dropped back to 2.75 percent from 2.85 percent before Friday’s selloff—is … Continue reading →

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Wages Rise in Unemployment Report!

Posted on February 2, 2018 by Popular Economics Weekly

Popular Economics Weekly The best news in January’s unemployment report was average hourly wages jumped 9 cents, to $26.74. It pushed the yearly increase to 2.9 percent from 2.6 percent, marking the highest level since the end of the Great … Continue reading →

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Q4 GDP Growth Misses 3 Percent

Posted on January 26, 2018 by Popular Economics Weekly

Popular Economics Weekly Consumers and businesses powered the economy to a 2.6 percent rate of gross domestic product growth in the final three months of 2017, according to the Commerce Department. But declining inventories and a wider trade deficit kept … Continue reading →

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Existing-Home Inventory Lowest in 18 years

Posted on January 24, 2018 by Popular Economics Weekly

The Mortgage Corner There aren’t enough home to sell. Sales of previously-owned homes tumbled in December as an ongoing inventory crunch became more worrisome with few homes to sell in parts of the country. Existing-home sales were down 3.6 percent … Continue reading →

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Immigration and Trump’s “S***Hole” Comment

Posted on January 17, 2018 by Popular Economics Weekly

Popular Economics Weekly How should we remember Martin Luther King, Jr. on his holiday? That greater equality creates greater prosperity for all; as well as greater peace. President Trump’s S***Hole comments were meant as a signal to his neo-nazi supporters … Continue reading →

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Why Raise Interest Rates Now?

Posted on January 13, 2018 by Popular Economics Weekly

Financial FAQs The Federal Reserve is warning about the consequences of the just passed tax reform bill, which includes adding some $1.5 trillion to the federal debt in ten years. New York Fed President William Dudley says it will put … Continue reading →

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