Monthly Archives: January 2014

Pending Home Sales Show Weakness

The Mortgage Corner Where is a housing bubble? Some pundits have been saying that housing prices, up some 13 percent in a year, may have been rising too fast. This is mainly because too few homes on the market, and … Continue reading

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , , , , , | Leave a comment

New-Home Sales In Seasonal Decline?

The Mortgage Corner Sales of newly built, single-family homes fell 7 percent to a seasonally adjusted annual rate of 414,000 units in December, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. … Continue reading

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , , , , | Leave a comment

Where Are The Brave Ones?

Popular Economics Weekly Now that China has replaced 1980s Japan as the economy that might surpass us, can we find one brave policy maker, (including President Obama), that’s willing to sound the alarm? China now has a robot roaming the … Continue reading

Posted in Consumers, Economy, Keynesian economics, Macro Economics, Weekly Financial News | Tagged , , , , | Leave a comment

2013 Home Sales Highest Since 2006

The Mortgage Corner The National Association of Realtors (NAR) just reported that for all of 2013, there were 5.09 million sales, which is 9.1 percent higher than 2012. It was the strongest performance since 2006 when sales reached an unsustainably … Continue reading

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , , , | Leave a comment

Higher Economic Growth In 2014

Financial FAQs We should be seeing a huge jump in economic growth this year. Why? Most economists are saying businesses are more optimistic with the federal budget agreement for 2 years, and no more tax increases hanging over consumers (and … Continue reading

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , , , , | Leave a comment

Housing Construction Continues Increase

The Mortgage Corner Residential investment and housing starts are usually the best leading indicator for economy, and they show continued growth.  This isn’t the only leading indicator, but it suggests the economy will continue to grow over the next couple … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

Post-WWII Lessons—How to Reduce Debt?

Financial FAQs There is a productive way to pay down the federal and consumer debt loads instead of the austerity policies currently in vogue both here and in Europe (i.e., that cut taxes and government spending). It’s means implementing policies … Continue reading

Posted in Consumers, Economy, Keynesian economics, Macro Economics, Weekly Financial News | Tagged , , , , , , | Leave a comment

Will 2014 Be a Janet Yellen Rally?

Popular Economics Weekly Consumer spending and future economic growth will depend on just how hard New Fed Governor Janet Yellen pushes the Federal Reserve Governors to maintain QE3 in 2014. She is a UC Berkeley economist interested more in creating … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

Unemployment Still the Problem

Financial FAQs Friday’s U.S. unemployment report might have been an aberration due to the severe winter with just 74,000 nonfarm payroll jobs created, according to the Bureau of Labor Statistics, but how many of those workers who left the labor … Continue reading

Posted in Consumers, Economy, Keynesian economics, Politics, Weekly Financial News | Tagged , , , , , , , , | Leave a comment

Housing Inventories, Price Rises Slowing

The Mortgage Corner The most important housing statistic in 2014 will be whether inventories continue to increase. Low inventories are hurting sales, and Goleta, California is helping local supplies with several new housing projects in the works. This is because … Continue reading

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , , , , | Leave a comment