Tag Archives: existing-home inventory

Existing-Home Sales Soaring

Posted on May 23, 2016 by Popular Economics Weekly

The Mortgage Corner There is more news the housing market is recovering—from the Great Recession, that is. But it’s still below pre-recession levels. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.7 … Continue reading →

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Existing-Home Sales Fall, Inflation Too Tame

Posted on March 21, 2016 by Popular Economics Weekly

The Mortgage Corner After increasing to the highest annual rate in six months, existing-home sales tumbled in February amidst very low supply levels and robust price growth in several sections of the country, according to the National Association of Realtors. … Continue reading →

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Huge Jump In Existing-Home Sales

Posted on February 25, 2016 by Popular Economics Weekly

The Mortgage Corner Wow! Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 0.4 percent to a seasonally adjusted annual rate of 5.47 million in January from a downwardly revised 5.45 million in … Continue reading →

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Inflation Is Bringing Back Higher Growth!

Posted on February 23, 2016 by Popular Economics Weekly

Popular Economics Weekly Consumer prices are on the rise and the Fed’s December rate hike doesn’t look misplaced at all, says Econoday. Year-on-year core prices (without food and energy prices) rose 1 tenth to plus 2.2 percent for the highest … Continue reading →

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Are We Running Out of Homes?

Posted on November 23, 2015 by Popular Economics Weekly

The Mortgage Corner This isn’t a repeat of the housing bubble, as some pundits would have us believe. In fact, it’s the opposite. Too few homes are being built, and existing inventories of homes for sale have fallen to 2 … Continue reading →

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Home Ownership Rate Increases, Thanks to Millennials

Posted on November 3, 2015 by Popular Economics Weekly

The Mortgage Corner The Commerce Department just reported that homeownership rate rose to 63.7 percent in the third quarter, from 63.4 percent in the second quarter, reports the National Association of Realtors. That is still well below the high of … Continue reading →

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Best Existing-Home Sales Since 2007

Posted on October 22, 2015 by Popular Economics Weekly

Popular Economics Weekly Total existing–home sales, which are completed transactions that include single–family homes, townhomes, condominiums and co–ops, increased 4.7 percent to a seasonally adjusted annual rate of 5.55 million in September from a slightly downwardly revised 5.30 million in … Continue reading →

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Pending Sales, Housing Construction Are Healthy

Posted on October 19, 2015 by Popular Economics Weekly

The Mortgage Corner Most of the Federal Reserve Governors have announced they don’t support raising interest rates until sometime next, year, and only if worldwide economic growth picks up. Why? The US Dollar is so strong that it’s hurting exports, … Continue reading →

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Record Post-Recession Home Sales, Construction, Case-Shiller Prices in July

Posted on August 25, 2015 by Popular Economics Weekly

The Mortgage Corner With all the bad news coming from the stock market, it’s good to know that this hasn’t affected the housing market. In fact, it’s pushing interest rates lower, so that a conforming 30-year fixed mortgage rate has … Continue reading →

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Existing-Home Sales at 8-Year High

Posted on July 22, 2015 by Popular Economics Weekly

The Mortgage Corner It had to happen.  Why did June existing-home sales jump to an 8-year high? Fewer foreclosures is the short answer, hence more available for sale at market prices. But soaring consumer optimism due to an even better … Continue reading →

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