Tag Archives: new-home sales

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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New-Home Sales Up, Delinquencies Down

Posted on June 25, 2013 by Popular Economics Weekly

The Mortgage Corner Lots of news today. New-home sales are surging, while mortgage delinquencies and foreclosures continue to drop. Consumer sentiment is also up sharply, maybe because housing prices are soaring according to both the S&P Case-Shiller and FHFA (for … Continue reading →

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California Foreclosures Plunging, Sales Rising

Posted on April 24, 2013 by Popular Economics Weekly

The Mortgage Corner The number of California homeowners entering the foreclosure process plunged to the lowest level in more than seven years last quarter, reports DataQuick. The unusually sharp drop in the number of mortgage default notices filed by lenders … 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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Bernanke’s Fed Growing U.S. Economy

Posted on February 26, 2013 by Popular Economics Weekly

Popular Economics Weekly Right now, the Federal Reserve seems to be the only government agency focused on growing the economy. Washington has otherwise been focused on the sequester agreement, or how to further cut government spending. But such austerity measures … Continue reading →

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Housing Prices In “Sustained Recovery”

Posted on December 27, 2012 by Popular Economics Weekly

Popular Economics Weekly The S&P/Case-Shiller Home Price Index October headline was “Sustained Recovery in Home Prices”, as housing inventories continue to drop, while the latest estimates of household formation for young adults in particular are as high as 1.3 million … Continue reading →

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New-Home Sales, Mortgages Boosting Growth

Posted on October 25, 2012 by Popular Economics Weekly

The Mortgage Corner Following the 15 percent housing construction bump in September, new-home sales rose 11.7 percent and are up 27 percent over September 2011, as inventories have shrunk to a meager 4.5 months, especially at the affordable level. The … Continue reading →

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Home Builder’s Confidence at High

Posted on September 18, 2012 by Popular Economics Weekly

The Mortgage Corner This is very big news. Builder confidence in the market for newly built, single-family homes rose for a fifth consecutive month in September to a level of 40 on the National Association of Home Builders/Wells Fargo Housing … Continue reading →

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Housing Affordability Still at Highs

Posted on August 21, 2010 by Popular Economics Weekly

The Mortgage Corner Bolstered by favorable interest rates and low house prices, housing affordability remained near its highest level nationwide for the sixth consecutive month since the series was first compiled nearly two decades ago, according to the National Association … Continue reading →

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Is Pent-up Demand Growing?

Posted on August 3, 2010 by Popular Economics Weekly

Financial FAQs We are now hearing that pent up demand is growing as the economic recovery takes its time. What is it, and what would it mean for an earlier recovery? Fed Chairman Bernanke mentioned that ‘demand’ could grow in … Continue reading →

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