Tag Archives: interest rates

Full Speed Ahead for Housing Construction, Sales?

Posted on December 17, 2019 by Popular Economics Weekly

The Mortgage Corner Wrightson.com The ultra-low interest rates are making a difference as homebuilder sentiment is soaring along with new building permits, which should boost new and existing-home sales as well. For instance, more new homes on the market encourage … Continue reading →

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Consumer Confidence Is Boosting Housing

Posted on November 26, 2019 by Popular Economics Weekly

The Mortgage Corner StLouisFRED New-home sales are now back to the long term average in the above graph that dates back to the 1960s, and consumers are still reasonably confident of their future. “Sales of new single‐family houses in October … Continue reading →

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Is It Start of a New Housing Boom?

Posted on November 20, 2019 by Popular Economics Weekly

The Mortgage Corner Calculated Risk We should be careful in announcing a new housing boom. It can be a two-edged pronouncement, since a housing bust followed the last housing boom and precipitated the Great Recession. But it certainly looks like … Continue reading →

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What’s Happening To Interest Rates?

Posted on November 13, 2019 by Popular Economics Weekly

Popular Economics Weekly StLouisFRED The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis after being unchanged in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 … Continue reading →

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Why Today’s Irrational Exuberance?

Posted on November 4, 2019 by Popular Economics Weekly

Financial FAQs Wrightson-ICAP Fed Chairman Alan Greenspan said in a memorable 1996 speech, “…how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over … Continue reading →

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The U.S. Economy Is Slowing!

Posted on October 8, 2019 by Popular Economics Weekly

Financial FAQs Late Monday, the U.S. blacklisted 28 Chinese companies because of their alleged role in human-rights violations against Muslim minorities ahead of the high-level discussions which will be led by China Vice Premier Liu He on Thursday. Bloomberg also … Continue reading →

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How Much Has US Economy Slowed?

Posted on October 3, 2019 by Popular Economics Weekly

Financial FAQs Calculated Risk It’s a difficult question to answer. We know the US economy is slowing, and the manufacturing activity is already contracting—the first of the four indicators that are used to call a recession—per the ISM’s Manufacturing Diffusion … Continue reading →

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Higher Home Sales Mean What?

Posted on October 2, 2019 by Popular Economics Weekly

The Mortgage Corner FRED “Sales of new single‐family houses in August 2019 were at a seasonally adjusted annual rate of 713,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. … 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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What Happens When % Rates Go Even Lower?

Posted on September 2, 2019 by Popular Economics Weekly

The Mortgage Corner FRED The NAR’s pending home sales index was softer than expected in July, thereby reversing nearly all of its June increase.  That left the index with a slight YOY decline of 0.3 percent.  Those results probably mean … Continue reading →

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