Category Archives: Housing

The Housing Boom Continues

The Mortgage Corner Calculated Risk Total existing-home sales, https://www.nar.realtor/existing-home-sales, including single-family homes, townhomes, condominiums and co-ops, rose 9.4 percent from August to a seasonally-adjusted annual rate of 6.54 million in September. The housing boom continues in the middle of the coronavirus … Continue reading

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

Why the Housing Shortage?

The Mortgage Corner Calculated Risk Booming Realtors’ existing-home sales are showing there is a very severe housing shortage with record sales and a record low housing inventory. Calculated Risk says the for-sale inventory is was down 18.6 percent year-over-year (YoY) … Continue reading

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

Why Housing Boom – Part II

The Mortgage Corner Calculated Risk Total existing-home sales, https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, jumped 24.7 percent from June to a seasonally-adjusted annual rate of 5.86 million in July. The previous record monthly increase in … Continue reading

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

Why the Uneven Recovery?

Financial FAQs Wrightson.com Consumer confidence is returning from its recent lows over the past two months with it main index up 12.1 points for a 3-month high in May as the lockdowns ease in some states, said the Conference Board … Continue reading

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

Why a Housing Shortage at This Time?

The Mortgage Corner Wrightson.com The Pending Home Sales Index (PHSI),* http://www.nar.realtor/pending-home-sales, a forward-looking indicator of home sales based on contract signings, fell 21.8 percent to 69.0 in April. Year-over-year, contract signings shrank 33.8 percent. An index of 100 is equal … Continue reading

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

Why the Housing Shortage?

The Mortgage Corner Wrightson.com We are now beginning to feel the recession in housing caused by the Coronavirus pandemic. What can we say with so many living on the edge because of the loss, or temporary hiatus, of their jobs? … Continue reading

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

When Will Housing Recover?

The Mortgage Corner CalculatedRiskBlog The housing market is also in a “medically induced coma” (economist Paul Krugman’s term), as is most of our economy. However, I believe housing will recover sooner than other parts of the economy, because Americans still … Continue reading

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

Housing in the Time of COVID-19

The Mortgage Corner Wolf Street I reported in January that housing construction was slowly recovering, in part due to the extreme housing shortage and record low interest rates. Well, rates are even lower today, but purchase applications are now plunging … Continue reading

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

Housing Market Will Survive Coronavirus

The Mortgage Corner NAHB.org What happens to housing with the COVID-19 pandemic? It had been on the road to recovery with record low interest rates; so much so that single-family housing starts have been soaring since 2019 as more millennials … Continue reading

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

Nobelist Daniel Kahneman on Thinking, Fast and Slow

Financial FAQs Amazon Thinking, Fast and Slow; what else should Nobel Laureate Daniel Kahneman be noted for, the son of Lithuanian Jewish parents fleeing the Russian Empire in the 1920s who grew up  to the sound of marching black boots … Continue reading

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