by sslifer | Aug 23, 2023 | Housing, NumberNomics Notes
August 23 2023 New home sales rose 4.4% in July to 714 thousand after having declined 2.8% in June, and after having jumped 3.7% in May, 6.1% in April, and 2.4% in March. New home sales have clearly begun to cimb. Existing home sales are being constrained by a lack...
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 | May 17, 2023 | Housing, NumberNomics Notes
May 17, 2023 Real estate loans rose at a 1.7% annual rate in April after climbing at a 3.7% pace in March and 8.9% in February. The year over year growwth rate is 10.1%. Thus, real estate loans had been growing at a solid double-digit pace through February, but they...
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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