Category Archives: housing market

Higher Home Sales Mean What?

The Mortgage Corner FRED “Sales of new single‐family houses in August 2019 were at a seasonally adjusted annual rate of 713,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. … Continue reading

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Strong Home Sales Mean What?

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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What Happens When % Rates Go Even Lower?

The Mortgage Corner FRED The NAR’s pending home sales index was softer than expected in July, thereby reversing nearly all of its June increase.  That left the index with a slight YOY decline of 0.3 percent.  Those results probably mean … Continue reading

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Housing Sales Higher, % Rates Plunging to Zero?

The Mortgage Corner Calculatedriskblog Total July existing-home sales, https://www.nar.realtor/existing-home-sales that include single-family homes, townhomes, condominiums and co-ops, rose 2.5 percent from June to a seasonally adjusted annual rate of 5.42 million in July, according to the National Association of Realtors … Continue reading

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How Low Can Interest Rates Go?

Popular Economics Weekly Calculatedriskblog Why are interest rates so low—not just in the US? It’s been below 0 percent in the northern EU countries and Japan for years because there is little worldwide inflation, which means there’s not sufficient demand … Continue reading

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Why Are Home Sales Declining?

The Mortgage Corner Weekly FRED WASHINGTON (July 23, 2019) – Existing-home sales weakened in June, as total sales saw a small decline after a previous month of gains, said the National Association of Realtors®. While two of the four major … Continue reading

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Housing Market in Gradual Decline?

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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