Tag Archives: housing prices

New Home Sales Surge, Existing Sales Not So Much

Posted on March 27, 2017 by Popular Economics Weekly

The Mortgage Corner New home sales shot 6.1 percent higher in February to a 592,000-annualized rate and is near the 600,000 top estimate of economists. Sales appeared to have gotten a boost from builder concessions as the median price fell … Continue reading →

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Mortgage Market Still Obstructs Lower Income Borrowers

Posted on February 20, 2017 by Popular Economics Weekly

The Mortgage Corner Earlier this month, researchers at the Urban Institute’s Housing Finance Policy Center published some of their research on lending standards. Drawing on data from the Home Mortgage Disclosure Act, they found that lower-credit applicants accounted for only … Continue reading →

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Pending Home Sales—Case-Shiller Prices Higher

Posted on January 31, 2017 by Popular Economics Weekly

The Mortgage Corner Pending home sales picked up in December as solid increases in the South and West offset weakening activity in the Northeast and Midwest, according to the National Association of Realtors®. And the S&P Case-Shiller Home Price Index … Continue reading →

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Real Estate In 2017—Good Time To Buy?

Posted on January 9, 2017 by Popular Economics Weekly

The Mortgage Corner Surging mortgage rates, dwindling inventory, and soaring home prices are taking a toll on Americans’ attitudes toward ownership, according to a home purchase sentiment survey released Monday. But that may be misleading, as mortgage rates have barely … Continue reading →

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Case-Shiller Home Prices At New Highs

Posted on December 29, 2016 by Popular Economics Weekly

Financial FAQs The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.6 percent annual gain in October, up from 5.4 percent last month. The 10-City Composite posted a 4.3 percent annual … Continue reading →

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Housing Construction, Sales Strong, Interest Rates Still Ultra-Low

Posted on December 21, 2016 by Popular Economics Weekly

The Mortgage Corner Housing starts are being hit by huge swings. November starts fell 18.7 percent in November to a much lower-than-expected 1.090 million annualized rate following an upward revised gain of 27.4 percent to 1.340 million in October, says … Continue reading →

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Motor Vehicles, Housing Will Power 2016 Economy

Posted on April 21, 2016 by Popular Economics Weekly

Popular Economics Weekly Even though Q1 2016 GDP growth looks weak for a number of reasons (such as lower exports and slumping oil prices that depress energy sector earnings), there are reasons it can go higher in 2016. Oil prices … Continue reading →

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Where Are The New Homes?

Posted on March 24, 2016 by Popular Economics Weekly

The Mortgage Corner Sales of newly built, single-family homes rose 2 percent in February from an upwardly revised January reading to a seasonally adjusted annual rate of 512,000 units, according to newly released data by the U.S. Department of Housing … Continue reading →

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High Builder Confidence Signals More Affordable Housing In 2016

Posted on January 20, 2016 by Popular Economics Weekly

The Mortgage Corner Builder confidence in the market for newly-built single-family homes held steady at 60 in January from a downwardly revised December reading of 60 on the National Association of Home Builders/Wells Fargo Housing Market Index. Any number above … Continue reading →

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Oct. Pending and New-Home Sales Still Rising

Posted on December 1, 2015 by Popular Economics Weekly

The Mortgage Corner Both new and existing-home sales are still thriving, given that conforming fixed rates are still at almost historic lows, in spite of a looming Fed interest rate hike. Why? It’s mainly investors worried about worldwide growth that … Continue reading →

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