Tag Archives: existing-home sales

Leading Indicators, Housing, Show More Growth Ahead

Posted on August 24, 2014 by Popular Economics Weekly

Financial FAQs It looks like the US economy is kicking into high gear from its winter slump, as the Conference Board’s just released July Index of Leading Indicators (LEI) jumped 0.9 percent, the highest it’s been this year. It is … Continue reading →

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Pending Home Sales Remain Strong

Posted on July 29, 2014 by Popular Economics Weekly

The Mortgage Corner The Pending Home Sales Index, a forward-looking indicator based on contract signings, declined 1.1 percent to 102.7 in June from 103.8 in May, and is 7.3 percent below June 2013 (110.8), reports the National Association of Realtors. … Continue reading →

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Existing-Home Sales On Rise Again

Posted on July 23, 2014 by Popular Economics Weekly

The Mortgage Corner The NAR just reported total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, climbed 2.6 percent to a seasonally adjusted annual rate of 5.04 million in June from an upwardly-revised 4.91 … Continue reading →

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Economic Recovery Is For Real

Posted on July 15, 2014 by Popular Economics Weekly

Popular Economics Weekly We are already in July, and can now see that the US economic recovery is for real, in spite of the past winter. Even economic growth is picking up, so that second quarter Gross Domestic Product might … Continue reading →

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Will Housing Now Lead the Recovery?

Posted on June 24, 2014 by Popular Economics Weekly

The Mortgage Corner There is still hope that housing may help this economic recovery, as it has in past recoveries. But that is only if Fed Chairman Janet Yellen succeeds in keeping interest rates—mortgage rates in particular—at their current low, … Continue reading →

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Where Is Housing Affordable Anymore?

Posted on May 23, 2014 by Popular Economics Weekly

Financial FAQs How much salary do you need in order to afford the principal and interest payments on a median-priced home in your metro area? To find out, HSH.com, a mortgage data service, took the National Association of Realtors’ first-quarter … Continue reading →

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Home Price Strength To Boost Sales

Posted on April 29, 2014 by Popular Economics Weekly

The Mortgage Corner Data through February 2014, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, show that the annual rates of gain posted 13.1 (in 10-city index) and 12.9 percent (20-city index) in the twelve … Continue reading →

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Yellen’s Federal Reserve To Keep Rates Low

Posted on April 10, 2014 by Popular Economics Weekly

The Mortgage Corner The Fed’s FOMC minutes of their last meeting were just released, and they show the Fed intends to keep interest rates low for as long as possible, until the unemployment rate drops substantially. And the Fed’s maintenance … Continue reading →

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No Relief Yet With Pending Sales

Posted on March 31, 2014 by Popular Economics Weekly

The Mortgage Corner We can’t yet count on Pending Home Sales, a predictor of closings in 60 to 90 days, to predict a boost to this year’s sales. They have been falling since last July, and the last spike in … Continue reading →

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What’s Happened to New-Home Sales?

Posted on March 25, 2014 by Popular Economics Weekly

The Financial FAQs Sales of new single-family houses in February 2014 were at a seasonally adjusted annual rate of 440,000, according to U.S. Census Bureau and the Department of Housing and Urban Development estimates. This is 3.3 percent below the … Continue reading →

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