Tag Archives: interest rates

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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What’s Next…?

Posted on August 19, 2020 by Popular Economics Weekly

Financial FAQs MarketWatch U.S. stocks finished mostly higher Tuesday, with the S&P 500 index notching its first record close since Feb. 19, and marking the quickest recovery from bear-market territory in its history, according to Dow Jones Market Data.  So … Continue reading →

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What Future Job Growth?

Posted on August 10, 2020 by Popular Economics Weekly

Financial FAQs Calculated Risk The Job Openings and Labor Turnover Survey (JOLTS) put out by the Labor Department (BLS) probably only makes sense to economists, because it gives a picture of the job market in coming months, as well as … Continue reading →

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Employment Picture Still Unclear

Posted on August 7, 2020 by Popular Economics Weekly

Popular Economics Weekly Marketwatch.com The official unemployment rate fell for the third month in a row to 10.2 percent from 11.1 percent, the government said Friday. The hot pace of U.S. employment growth in the late spring gave way in … Continue reading →

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Consumer Confidence in Decline

Posted on July 29, 2020 by Popular Economics Weekly

Popular Economics Weekly FRED There are a number of reasons that consumers are becoming more fearful after that initial boost of spending with the spring holidays. It’s not only the prospect of a COVID-19 resurgence in the fall when we … Continue reading →

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Why a Housing Shortage at This Time?

Posted on June 1, 2020 by Popular Economics Weekly

The Mortgage Corner Wrightson.com The Pending Home Sales Index (PHSI),* http://www.nar.realtor/pending-home-sales, a forward-looking indicator of home sales based on contract signings, fell 21.8 percent to 69.0 in April. Year-over-year, contract signings shrank 33.8 percent. An index of 100 is equal … Continue reading →

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Why the Housing Shortage?

Posted on June 1, 2020 by Popular Economics Weekly

The Mortgage Corner Wrightson.com We are now beginning to feel the recession in housing caused by the Coronavirus pandemic. What can we say with so many living on the edge because of the loss, or temporary hiatus, of their jobs? … 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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Housing in the Time of COVID-19

Posted on April 2, 2020 by Popular Economics Weekly

The Mortgage Corner Wolf Street I reported in January that housing construction was slowly recovering, in part due to the extreme housing shortage and record low interest rates. Well, rates are even lower today, but purchase applications are now plunging … Continue reading →

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Might We Have More Than One Pandemic?

Posted on April 1, 2020 by Popular Economics Weekly

Popular Economics Weekly Wrightson/ICAP Yes, says behavioral economist Robert Shiller, who won his Nobel prize for the study of human behavior in financial markets. Why? Financial market investors are panicking because of the COVID-19 pandemic, for starters, which could affect … Continue reading →

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