Tag Archives: real-estate

Retail Sales Falter

Posted on July 16, 2024 by Popular Economics Weekly

The Mortgage Corner Fed Chair Powell has said it again. Second-quarter economic data including last week’s consumer price report “do add somewhat” to confidence that inflation is heading down to the central bank’s 2 percent goal at an Economic Club … Continue reading →

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How Do We Solve It?

Posted on June 21, 2024 by Popular Economics Weekly

The Mortgage Corner I speak of the housing shortage, as much as 2 million residential units—owner-occupied and rental units—according to housing economists. What is to be done with mortgage rates at historic highs and material shortages everywhere? Much of it … Continue reading →

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New Home Sales Boost Housing Market

Posted on March 25, 2024 by Popular Economics Weekly

The Mortgage Corner The sale of new homes is boosting housing and the economy at a very opportune time—the beginning of a New Year when it’s still uncertain when the Fed will begin to cut their interest rates. This is … Continue reading →

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Another Housing Recession?

Posted on February 22, 2024 by Popular Economics Weekly

The Mortgage Corner The 30-year conforming fixed rate has again risen above 7 percent in just one month, and the effect is immediate. Housing construction has slowed once again, in spite of the severe housing shortage. Construction is 14.8 percent … Continue reading →

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Housing Recession Over?

Posted on January 19, 2024 by Popular Economics Weekly

The Mortgage Corner Is the housing recession over? The conforming 30-year fixed rate dropped to 6.60 percent this week, according to Freddie Mac. The fixed 30-year mortgage rate rose to its maximum 7.8 percent in October 2023 before gradually descending … Continue reading →

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Q4 Growth Prospects Improve

Posted on January 4, 2024 by Popular Economics Weekly

The Mortgage Corner Prospects for better fourth quarter economic growth are improving. Why? Interest rates are declining along with inflation rates. The Atlanta Fed’s GDPNow Q4 estimate of economic growth that I like just picked up steam after several downward … Continue reading →

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How Low Can Interest Rates Go?

Posted on December 18, 2023 by Popular Economics Weekly

The Mortgage Corner Stocks and bonds are rallying after Chairman Powell sounded dovish for the first time at his December press conference following their last FOMC meeting of the year. “The question of when it will be appropriate to begin … Continue reading →

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What Happens Next?

Posted on December 2, 2023 by Popular Economics Weekly

Popular Economics Weekly What does the future foretell? Everyone wants to know what will happen next year now that the Fed is on hold and inflation continues to decline. I believe the construction industry is telling us the economy will … Continue reading →

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