Tag Archives: Pending Home Sales

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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Lower Q3 GDP Growth = Slowing Economy

Posted on October 30, 2019 by Popular Economics Weekly

Popular Economics Weekly BEA.gov Real gross domestic product (GDP) increased at an annual rate of 1.9 percent in the third quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real … 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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Housing Market in Gradual Decline?

Posted on July 4, 2019 by Popular Economics Weekly

The Mortgage Corner Econoday Happy 4th of July, everyone, even though it looks like we are nearing the end of this housing cycle; and maybe this business cycle as well.  But we can still celebrate what is now the longest … Continue reading →

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New-Home Sales-Ownership Rate Rising

Posted on November 10, 2017 by Popular Economics Weekly

The Mortgage Corner New home sales shot up 19 percent in September to a consensus crushing annualized rate of 667,000. This is the largest percentage gain in 28 years and the highest level of the cycle, since October 2007. In … 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 Slows

Posted on October 19, 2016 by Popular Economics Weekly

The Mortgage Corner Single-family housing construction rose in September. Though overall starts plunged what looks like a shocking 9.0 percent in September, to a 1.047 million annualized rate, said Econoday. The drop is tied entirely to the volatile multi-family component … Continue reading →

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Home Sales, Consumer Confidence Still Rising

Posted on July 28, 2016 by Popular Economics Weekly

The Mortgage Corner Sales of newly built, single-family homes rose 3.5 percent in June from an upwardly revised May reading to a seasonally adjusted annual rate of 592,000 units, according to newly released data by the U.S. Department of Housing … Continue reading →

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Fed Stays in Accommodative Mode

Posted on April 27, 2016 by Popular Economics Weekly

Popular Economics Weekly It looks like Janet Yellen’s Fed will continue to keep interest rates low this year, based on the latest FOMC press release. This is great news for the housing market, in particular, but not necessarily for consumers … Continue reading →

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