Tag Archives: existing-home sales

Most Home Sales Since Housing Bubble!

Posted on November 20, 2020 by Popular Economics Weekly

The Mortgage Corner Calculated Risk How can there be a record number of homeless and a booming housing market? It’s almost unbelievable that one sector of our economy is growing like in the good old days of the early 2000s … Continue reading →

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The Housing Boom Continues

Posted on October 22, 2020 by Popular Economics Weekly

The Mortgage Corner Calculated Risk Total existing-home sales, https://www.nar.realtor/existing-home-sales, including single-family homes, townhomes, condominiums and co-ops, rose 9.4 percent from August to a seasonally-adjusted annual rate of 6.54 million in September. The housing boom continues in the middle of the coronavirus … Continue reading →

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Why the Housing Shortage?

Posted on September 28, 2020 by Popular Economics Weekly

The Mortgage Corner Calculated Risk Booming Realtors’ existing-home sales are showing there is a very severe housing shortage with record sales and a record low housing inventory. Calculated Risk says the for-sale inventory is was down 18.6 percent year-over-year (YoY) … Continue reading →

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Why Housing Boom – Part II

Posted on August 21, 2020 by Popular Economics Weekly

The Mortgage Corner Calculated Risk Total existing-home sales, https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, jumped 24.7 percent from June to a seasonally-adjusted annual rate of 5.86 million in July. The previous record monthly increase in … Continue reading →

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Have Home Sales Reached Bottom?

Posted on June 22, 2020 by Popular Economics Weekly

The Mortgage Corner Reuters/ICAP Why is it important to report on the housing market? Because there is a housing shortage  already (Forbes says up to 3.8 million unit shortfall to date), and the NYTimes, among others, is predicting a record … Continue reading →

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When Will Housing Recover?

Posted on April 21, 2020 by Popular Economics Weekly

The Mortgage Corner CalculatedRiskBlog The housing market is also in a “medically induced coma” (economist Paul Krugman’s term), as is most of our economy. However, I believe housing will recover sooner than other parts of the economy, because Americans still … Continue reading →

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Strong Home Sales Mean What?

Posted on September 19, 2019 by Popular Economics Weekly

The Mortgage Corner   It looks like home sales are are defying expectations of an economic slowdown, as both existing and pending home sales are rising. Pending sales measure contracts scheduled to close in 30-60 days, which is a sign … Continue reading →

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Housing Sales Higher, % Rates Plunging to Zero?

Posted on August 22, 2019 by Popular Economics Weekly

The Mortgage Corner Calculatedriskblog Total July existing-home sales, https://www.nar.realtor/existing-home-sales that include single-family homes, townhomes, condominiums and co-ops, rose 2.5 percent from June to a seasonally adjusted annual rate of 5.42 million in July, according to the National Association of Realtors … Continue reading →

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Who Can Still Afford to Buy a Home?

Posted on June 24, 2019 by Popular Economics Weekly

The Mortgage Corner MarketWatch That question of who can still afford to buy a home is up in the air, as we say, since home sales have been trending lower of late and there is still a housing shortage. MarketWatch’s … Continue reading →

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How Strong is 2019 Housing Market—Part II?

Posted on June 13, 2019 by Popular Economics Weekly

The Mortgage Corner FRED We asked just how strong is the housing market last month with rates beginning to fall again. Lawrence Yun, NAR’s chief economist, said he is not overly concerned about the trending drop in existing-home sales reported … Continue reading →

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