Tag Archives: NAHB/Wells Fargo Housing Market Index

Housing Affordability Up, Inventories Still Shrinking

Posted on February 21, 2013 by Popular Economics Weekly

The Mortgage Corner The National Association of Home Builders (NAHB) reported exceptionally low interest rates helped ensure a slight gain in nationwide housing affordability amid relatively stable house prices in the final quarter of 2012, according to the just released … Continue reading →

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Existing-Homes Inventory at Record Lows

Posted on January 22, 2013 by Popular Economics Weekly

The Mortgage Corner The housing market is recovering with the highest sales and price rises since 2007. Only problem is that inventory is also at the lowest level since 2007, with just 4.4 month’s supply of housing on the market. … Continue reading →

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High Pending Home Sales—A 2013 Housing Shortage?

Posted on November 29, 2012 by Popular Economics Weekly

The Mortgage Corner The huge jump is pending home sales could presage a sharp drop in inventory of homes for sale in 2013. Why? There are fewer foreclosures because of the declining shadow inventory of homes in default that have … Continue reading →

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Consumer Spending Continues to Improve

Posted on August 15, 2012 by Popular Economics Weekly

FINANCIAL FAQs The most recent retail sales show consumers continue to spend, as consumer borrowing is increasing. Add to that credit card delinquencies are at an 18-year low, according to credit reporting company Transunion Corp., and we have a picture … Continue reading →

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Builder Confidence Highest Since 2007

Posted on June 21, 2012 by Popular Economics Weekly

The Mortgage Corner Builder confidence in the market for newly built, single-family homes gained one point in June from a slightly revised level in the previous month to rest at 29 on the National Association of Home Builders/Wells Fargo Housing … Continue reading →

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Builder Confidence Soars in 2012

Posted on February 16, 2012 by Popular Economics Weekly

The Mortgage Corner WASHINGTON (MarketWatch) — Home builder confidence in the market for new single-family homes climbed in February for the fifth straight month to reach the highest level in more than four years, said a Marketwatch headline. And there … Continue reading →

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Mortgage Applications-Builder Optimism Rising

Posted on January 19, 2012 by Popular Economics Weekly

The Mortgage Corner Are homebuyers and borrowers finally realizing that mortgage rates might not fall much further? We are seeing a huge jump in both mortgage and builder activity, and much of the most recent interest rate drop has been … Continue reading →

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