Tag Archives: NAR Chief Economist Lawrence Yun

Housing Construction, Sales Strong, Interest Rates Still Ultra-Low

The Mortgage Corner Housing starts are being hit by huge swings. November starts fell 18.7 percent in November to a much lower-than-expected 1.090 million annualized rate following an upward revised gain of 27.4 percent to 1.340 million in October, says … Continue reading

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

Housing Starts, Home Sales ‘Yuge’

The Mortgage Corner Housing starts surged 25.5 percent in October to a 1.323 million annualized rate. This is the best rate of the cycle since August 2007 with the monthly percentage gain the strongest since 1982, says Econoday. It and … Continue reading

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

Housing Construction Slows

The Mortgage Corner Single-family housing construction rose in September. Though overall starts plunged what looks like a shocking 9.0 percent in September, to a 1.047 million annualized rate, said Econoday. The drop is tied entirely to the volatile multi-family component … Continue reading

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

Home Sales Soar

The Mortgage Corner It’s finally happened. Housing is now leading this 7-year recovery—finally. It’s taken a long time for those wanting to form new households to leave their parents, or school, or even pay down their education loans sufficiently to … Continue reading

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

Higher Housing Sales, Leading Indicators Mean More Growth

Financial FAQs Two more signs of improved economic growth came out today. Boosted by a greater share first-time buyer sales not seen in nearly four years, existing-home sales maintained their upward trajectory in June and increased for the fourth consecutive … Continue reading

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

Fannie Mae, GSEs, Even More Important

The Mortgage Corner With news that Fannie Mae, one of the GSEs now managed by the Federal Housing Finance Authority (and US Treasury) just showed a $1.1B profit in Q1, but must pass all of it profits to Treasury since … Continue reading

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

Fed Stays in Accommodative Mode

Popular Economics Weekly It looks like Janet Yellen’s Fed will continue to keep interest rates low this year, based on the latest FOMC press release. This is great news for the housing market, in particular, but not necessarily for consumers … Continue reading

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

Existing-Home Sales Fall, Inflation Too Tame

The Mortgage Corner After increasing to the highest annual rate in six months, existing-home sales tumbled in February amidst very low supply levels and robust price growth in several sections of the country, according to the National Association of Realtors. … Continue reading

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

Huge Jump In Existing-Home Sales

The Mortgage Corner Wow! Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 0.4 percent to a seasonally adjusted annual rate of 5.47 million in January from a downwardly revised 5.45 million in … Continue reading

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

Home Ownership Rate Increases, Thanks to Millennials

The Mortgage Corner The Commerce Department just reported that homeownership rate rose to 63.7 percent in the third quarter, from 63.4 percent in the second quarter, reports the National Association of Realtors. That is still well below the high of … Continue reading

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