The single-family market is hot, with house prices surging in much of the country. Is the market a bubble?
If not, what is driving house prices higher? Are they sustainable, and if not what does it mean for the housing and mortgage markets and the broader economy.
Join Mark Zandi, Chief Economist; Cris deRitis, Deputy Chief Economist; and Todd Metcalfe, Senior Economist on June 22, 2021, as they discuss the housing market and its impact on the economy.
Federal lawmakers are feverishly working on another massive fiscal plan, including a nearly $600 billion bipartisan infrastructure deal and a $3.5 trillion package of spending and tax breaks to support a range of social investments that the Biden administration and congressional Democrats hope to pass into law via the budget reconciliation process.
In this white paper, we assess the macroeconomic impact of both the bipartisan infrastructure deal and the reconciliation package.
The U.S. consumer price index jumped in June, but the market shook it off.
Technical factors are pulling the U.S. 10-year Treasury yield lower recently.
Stress lines are beginning to appear, and the housing market is set to cool off.
Throughout the pandemic, corporate credit markets have remained surprisingly calm despite significant and risky debt exposures.
The Federal Reserve on Wednesday didn't alter its description of U.S. inflation. Policymakers still view the acceleration as transitory, but there was a big shift in the so-called “dot plot” that tracks interest-rate projections by the members of the central bank's Federal Open Market Committee.
It is a relief to see policymakers finally focus in earnest on the nation's crumbling infrastructure. But it is unnerving to see so little attention given to what may be the most critical infrastructure need of all: the nation's dire shortage of affordable housing.
Financial markets are interpreting the minutes from the April Federal Open Market Committee meeting as being hawkish, as Treasury yields jumped following the release of the minutes.
Join us for the 4th webinar in our series: Moody’s Analytics & Raymond James in Conversation where we will discuss the outlook for mortgages and their impact on banks, credit unions, non-banks, and mortgage lending.