Monthly Archives: April 2015

March New-Home Sales A Dud

Posted on April 25, 2015 by

“Sales of new single-family houses in March 2015 were at a seasonally adjusted annual rate of 481,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.4 percent … Continue reading →

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March Existing-Home Sales Spike

Posted on April 23, 2015 by

The Mortgage Corner Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 6.1 percent to a seasonally adjusted annual rate of 5.19 million in March from 4.89 million in February—the highest annual rate … Continue reading →

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Fannie Says Better Growth For Rest of 2015

Posted on April 21, 2015 by

Popular Economics Weekly “Economic activity was suppressed in the first quarter due largely to the West Coast port disruptions and difficult weather patterns across the Northeast, but the economy is expected to gain momentum throughout the spring and reach previously … Continue reading →

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Germany’s Failed Austerity Policies

Posted on April 17, 2015 by

Financial FAQs One would think by now the debate has been resolved on which economic model created the better recovery for this Great Recession or Lessor Depression, as P Krugman has called it. But no, Germany’s Finance Minister Wolfgang Schauble … Continue reading →

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Expanding Social Security – Decreasing Inequality

Posted on April 16, 2015 by

Popular Economics Weekly What, you say? We should expand, not shrink, social security benefits in the face of horrendous budget deficits of late? Elizabeth Warren put into the Senate Budget proposal for 2015 an amendment to protect social security, and … Continue reading →

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Mortgage Delinquencies Close to Pre-Recession Lows.

Posted on April 7, 2015 by

The Mortgage Corner Calculated Risk reports Black Knight Financial Services (BKFS) released their Mortgage Monitor report for February on Monday. According to BKFS, 5.36 percent of mortgages were delinquent in February, down from 5.56 percent in January. BKFS reported that … Continue reading →

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A Lousy Jobs Report?

Posted on April 3, 2015 by

Popular Economics Weekly At first glance it looks like a lousy jobs report. It’s true the labor market has softened in several aspects. Payroll jobs increased just 126,000 in March after increases of 264,000 in February and 201,000 in January. … Continue reading →

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Housing In Recovery-Pending Home Sales Soar

Posted on April 2, 2015 by

The Mortgage Corner February Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 3.1 percent to 106.9 in February from a slight downward revision of 103.7 in January and is now 12.0 percent above February 2014 (95.4). … Continue reading →

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