Category Archives: housing market

Housing Sales Are Slowing

The Mortgage Corner Existing-home sales decreased for the third straight month in June, as declines in the South and West exceeded sales gains in the Northeast and Midwest, reports the National Association of Realtors. The ongoing supply and demand imbalance … Continue reading

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Low Mortgage Rates Boost Sales–Even with Limited Supply

The Mortgage Corner Graph: FRED How is it possible the 30-year fixed conforming rate has fallen again to 4.0 percent for 1 origination point in California, yet has never been below 5 percent before the Great Recession, when mortgage fixed … Continue reading

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Trade Wars Kill Future Growth—Part II

Popular Economics Weekly The sad reality is that in initiating trade wars with allies and opponents alike, President Trump could be bringing on the next Great Recession. Because breaking up trade alliances with our allies means less leverage in any … Continue reading

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Housing Construction Booming For How Long With a Trade War?

The Mortgage Corner How is it possible the 10-year Treasury yield has fallen back to 2.88 percent, and the 30-year fixed conforming rate is again 4.0 percent for 1 origination point in California? It’s all because the Trump trade wars … Continue reading

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April Housing Sales Slow

The Mortgage Corner Graph: Econoday The above graph says it all. With rising interest rates, housing sales are slowing a bit. Total existing-home sales, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 2.5 percent … Continue reading

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Housing Construction, Leading Economic Indicators Still Strong

The Mortgage Corner Graph: Econoday The residential housing market is still starving—of supply, that is. Not enough homes are being built to meet the surging demand of new households from both millennials and immigrants. This is when construction starts fell … Continue reading

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New-Home Sales, Consumer Confidence Booming

The Mortgage Corner Graph: Econoday In spite of rising mortgage rates, new-home sales are booming and consumer confidence is at multi-year highs. March new-home sales rose 4.0 percent annualized to 694,000 and is just off the expansion high of 711,000 … Continue reading

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