by sslifer | Apr 25, 2024 | Housing, NumberNomics Notes
April 25, 2024 Pending home sales rose 3.4% in March to 78.2 after rising 1.6% in February. The National Association of Realtors chief economist, Lawrence Yun said, “March’s Pending Home Sales Index – at 78.2 – marks the best performance in a year, but it...
by sslifer | Apr 4, 2024 | Housing, NumberNomics Notes
April 4, 2024 Real estate loans have been growing steadily for a number of months. Specifically, they rose at a 4.4% pace in February. That means that they have risen 2.9% in the past year. If home sales quicken this year, as expected, mortgage loans should also...
by sslifer | May 17, 2023 | Housing, NumberNomics Notes
May 17, 2023 Home ownership rose 0.1% in the first quarter to 66.0 after having declined 0.1% in the fourth quarter. Homeownership had been rising gradually for several years before the pandemic hit. It jumped 2.6% in the second quarter of 2020 to 67.9, but has...
by sslifer | Feb 3, 2021 | Housing, Interest Rates, NumberNomics Notes
February 3, 2021 Once the recession began in December 2007 the Fed tried to stimulate the economy and ultimately pushed the funds rate almost to 0%. It remained at that record low level until December 2015 .Right after the election in November 2016 mortgage rates...
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