Category Archives: Housing

Strong Employment Report Due Tomorrow?

Financial FAQs Graph: Econoday ADP, or Automatic Data Processing, predicts 230,000 private payroll jobs could be created in September per tomorrow’s U.S. unemployment report. The reason is both the manufacturing and non-manufacturing (service) sectors reported strong hiring in their ISM … Continue reading

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Housing Supply Still Too Low

The Mortgage Corner Graph: Econoday Most of the construction activity is in the commercial sector, at the moment, though sales of newly-constructed homes rose 3.5 percent compared to July. The pace of new-home sales in August was 12.7 percent higher … Continue reading

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Homeowners Preserve Rising Home Equity

The Mortgage Corner Graph: MarketWatch/Black Knight American homeowners have amassed a record $6 trillion in equity in their properties, according to a study by real estate data firm Black Knight, a figure boosted by surging home prices and a trend … Continue reading

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What To do About America’s Homeless Problem?

ANSWERING THE KENNEDYS CALL Los Angeles Times A study released in December 2017 by the U.S. Department of Housing and Urban Development (HUD) reported America’s homeless population has risen this year for the first time since the Great Recession, propelled … Continue reading

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Where Goes the Housing Market?

The Mortgage Corner Graph: Econoday We definitely have a housing shortage. Housing construction is unable to keep up with the demand for single-family homes, in particular. Year-on-year, starts are down 1.4 percent with completions, at a 1.188 million rate, down … Continue reading

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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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