Category Archives: housing market

Where Are the New Homes?

Posted on August 24, 2017 by

The Mortgage Corner There is a surging demand for new home that builders find hard to meet.  New-home sales fell in July to 571,000 units, though May and June totals were revised upward. That’s because the Census Bureau estimate comes … Continue reading →

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

The End of Easy Money?

Posted on July 27, 2017 by

Popular Economics Weekly The Fed just completed its July FOMC meeting and said the sale of some of its $4.5 trillion in securities would begin this year. CNBC has predicted the first installment of $300B in sales could begin anytime. … Continue reading →

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

Home Sales Disappoint

Posted on July 25, 2017 by

The Mortgage Corner Existing-home sales were at a 5.52 million seasonally adjusted annual rate in June, the National Association of Realtors said Monday. That was 0.7 percent above the year-ago rate, but 1.8 percent lower than in May and marked … Continue reading →

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

Housing Starts Rebound, For How Long?

Posted on July 20, 2017 by

The Mortgage Corner The Conference Board’s Index of Leading Indicators that predicts future growth says it is being boosted by a rebound in housing starts, which means more badly needed new homes being built. Its June report posted a 0.6 … Continue reading →

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

Housing Shortage Continues

Posted on June 27, 2017 by

The Mortgage Corner It was very good news that new-home sales rose nearly 3 percent in May to a 610,000 annualized rate. The report, always volatile, included a big upward revision to April which however, at 593,000, is still the … Continue reading →

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

Why Home Sales Rising Fast, Construction Lagging?

Posted on June 22, 2017 by

The Mortgage Corner We are once again in a housing conundrum. May Existing-home sales just surged 1.1 percent to 5.62 million units, after falling for several months. And housing starts fell for the third straight month an unexpected 5.5 percent … Continue reading →

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

Builder Optimism + Affordability Higher

Posted on May 15, 2017 by

The Mortgage Corner Some good news is that rising wages and moderating home prices offset a rise in mortgage interest rates to give housing affordability a slight boost in the first quarter of 2017, said the National Association of Home … Continue reading →

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