U.S. Economy

Economy at Milestone Unemployment

May 6th, 2018
April brought the economy 164,000 jobs, and 3.9 percent unemployment—below 4 percent, and the lowest rate in roughly 20 years. Though the additional jobs were less than predicted, the figure is promising, analysts say. “The U.S. labor market continues to...

Experts Are Eyeing a Recession in 2020—but It’s Not Why You Think

May 23rd, 2018
The economy is on a roaring run. Is a downturn imminent? Experts in housing are predicting a recession starting in 2020, according to Zillow’s 2018 Q2 Home Price Expectations Survey; however, they anticipate monetary policy—not the housing market—as primarily responsible...

Economy Expands in May—Where Does Housing Stand?

June 4th, 2018
The economy in May remained on a soaring streak, with a lift in jobs and the lowest unemployment in years. The expansion is a help for the housing market, but is it enough to relieve supply woes? According to Lawrence...

Fed: Rates Increased for Second Time This Year

June 13th, 2018
As predicted by all officials, the Fed raised rates for the second time in 2018—from 1.75 percent to 2 percent. The remainder of 2018 and 2019 may see more gradual hikes, with analysts predicting two more increases by year’s end...

Buyers Deflated by Inventory Woes: NAR

June 24th, 2018
Buyers are holding out hope in peak real estate season, but against the inventory squeeze, their confidence was shaken this spring, according to the National Association of REALTORS® (NAR). The amount of buyers confident in their housing market prospects stalled...

Harvard: Crawl in Incomes Led to Unaffordability

June 26th, 2018
Over the course of the past 30 years, Americans’ earnings and the economy have been on parallel paths, but at mismatched strides. Now, homebuyers are paying for it. Affordability continues to be a headwind for housing, according to the Harvard...

Confidence in Housing Makes Near-Record Return

December 10th, 2017
Confidence in housing made a near-record return in November in the Fannie Mae Home Purchase Sentiment Index® (HPSI), derived from Fannie’s National Housing Survey® (NHS). The HPSI overall posted 87.8 in November, 2.6 percentage points higher than the month prior....

Fed Raises Rate for Third Time This Year

December 13th, 2017
The Federal Reserve acted as expected on Wednesday, increasing the key interest rate one-quarter percentage point for the third time this year. The action concludes a hastened 12 months for the policymaker, which raised the rate in March and June,...

Home Remodeling Spending to Stay Strong

January 20th, 2018
Home remodeling spending is expected to stay strong in 2018, up 7.5 percent from last year, according to the latest Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of...

Freddie: 2018 ‘Looking Pretty Good’ for Economy, Housing

January 22nd, 2018
Bolstered by economic gains, home-building, prices and sales are all forecasted to outdo 2017 this year, according to Freddie Mac researchers. In Freddie’s January Outlook, “Maintaining Momentum: 2018 and Beyond,” analysts believe the economy is moderating—growing 2.5 percent in 2018,...
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