Tag Archives: housing inventories

Is Builder Optimism, New Home Construction Faltering?

Posted on November 19, 2013 by Popular Economics Weekly

The Mortgage Corner Will new-home construction falter, now that interest rates are rising and consumers remain unsettled over Washington’s political gridlock that prevents any legislation being passed that would aid economic growth? Builder confidence in the market for newly built, … 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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New Home Sales Surging—First-timers Being Priced Out?

Posted on July 24, 2013 by Popular Economics Weekly

Financial FAQs New-home sales are surging, reports the U.S. Census Bureau. But who is buying them with interest rates up 1 percent since Chairman Bernanke made his infamous remark that QE3 bond buying could begin to slow in September? The … Continue reading →

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Builder Confidence Soaring

Posted on July 16, 2013 by Popular Economics Weekly

The Mortgage Corner The National Association of Home Builders just announced that home builder confidence soared to the highest level since 2006, the height of the housing bubble.  This can only mean more new-home construction to fill the pent up … Continue reading →

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Shadow Inventory of Bad Loans Still Too High

Posted on July 12, 2013 by Popular Economics Weekly

Financial FAQs The shadow inventory of troubled homes fell to about 2 million in April, down 18 percent from the same period in the prior year, and down 34 percent from a peak of 3 million in early 2010. But … Continue reading →

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Housing Prices Rise as Foreclosure Rates Fall

Posted on June 4, 2013 by Popular Economics Weekly

The Mortgage Corner Home prices are continuing to rise, in part because foreclosure rates continue to fall. Fannie Mae reported that the Single-Family Serious Delinquency rate declined in April to 2.93 percent from 3.02 percent in March. The serious delinquency … Continue reading →

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Existing-Home Sales, Inventories Climbing

Posted on May 22, 2013 by Popular Economics Weekly

The Mortgage Corner Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 0.6 percent to a seasonally adjusted annual rate of 4.97 million in April, reports the National Association of Realtors. This could … Continue reading →

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Higher Home Prices Driving Construction

Posted on April 3, 2013 by Popular Economics Weekly

The Mortgage Corner CoreLogic just reported home prices nationwide, including distressed sales, increased 10.2 percent on a year-over-year basis in February 2013 over February 2012. And it is boosting construction, as for sale inventories are barely increasing in the new … Continue reading →

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2013 Home Prices Soaring

Posted on March 26, 2013 by Popular Economics Weekly

The Mortgage Corner Housing prices are soaring, with both the S&P Case-Shiller Home Price Index 3-month average (for November, December and January) and FHFA conforming loan indexes accelerating. Mortgage delinquencies also continue to decline, which should help depleted inventories. The … Continue reading →

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Spring Housing Inventories Too Low

Posted on March 20, 2013 by Popular Economics Weekly

The Mortgage Corner The spring home buying season is already here, reports Realtor.com. In February, the total number of single-family homes, condos, townhomes and co-ops for sale in the U.S. (1,494,218) increased by 1.15 percent month-over-month. On an annual basis, … Continue reading →

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