Harvard: Crawl in Incomes Led to Unaffordability

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 University Joint Center for Housing Studies, which recently released The State of the Nation’s Housing, […]

The post Harvard: Crawl in Incomes Led to Unaffordability appeared first on RISMedia.

Buyers Deflated by Inventory Woes: NAR

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 at 68 percent, according to NAR’s Housing Opportunities and Market Experience (HOME) second quarter survey—identical […]

The post Buyers Deflated by Inventory Woes: NAR appeared first on RISMedia.

Fed: Rates Increased for Second Time This Year

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 in order to curb future inflation concerns following reports of a strong labor market and […]

The post Fed: Rates Increased for Second Time This Year appeared first on RISMedia.

Economy Expands in May—Where Does Housing Stand?

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 Yun, chief economist of the National Association of REALTORS® (NAR), there is an imbalance between […]

The post Economy Expands in May—Where Does Housing Stand? appeared first on RISMedia.

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

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 for the swing. The Federal Reserve has been guiding fiscal policy since the Great Recession, […]

The post Experts Are Eyeing a Recession in 2020—but It’s Not Why You Think appeared first on RISMedia.

Economy at Milestone Unemployment

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 tighten, although job growth in April was 164,000—a little below expectations,” said Gad Levanon, chief […]

The post Economy at Milestone Unemployment appeared first on RISMedia.

Economic Forecast: Expectations High, but Less Long-Term Optimism

The latest Urban Land Institute (ULI) Real Estate Economic Forecast predicts modest fluctuations across the board for 27 economic/real estate indicators. The three-year forecast is completed semi-annually, surveying over 48 economists and analysts at 36 real estate organizations. A leading concern? Rising interest rates. ULI forecasts interest rates to be 0.4 percent higher in 2018 […]

The post Economic Forecast: Expectations High, but Less Long-Term Optimism appeared first on RISMedia.

Consumer Confidence Retracts

Consumer confidence retracted in March, posting a 127.7 reading in the latest Consumer Confidence Index® from The Conference Board. February’s reading was 130. The Expectations reading of the Index, which gauges how consumers feel about their business, employment and income prospects six months out, fell to 106.2; in addition, the Present Situation reading, which gauges […]

The post Consumer Confidence Retracts appeared first on RISMedia.

Is the Economy Fostering Optimism in Real Estate? Not Yet

Confidence in the economy is high, but optimism about ownership is not, according to the National Association of REALTORS® (NAR). The amount of buyers who are confident about their prospects shrank to 68 percent in NAR’s quarterly Housing Opportunities and Market Experience (HOME) survey, a decline from 72 percent last quarter. Fifty-five percent of renters […]

The post Is the Economy Fostering Optimism in Real Estate? Not Yet appeared first on RISMedia.

Fed Hikes Rates—How Many More Are to Come?

The Federal Reserve carried out its first hike of 2018 on Wednesday, increasing interest rates one-quarter percentage point and leaving open the possibility of more raises this year. The action was anticipated by the market, which has been on a robust—and, at times, rollercoaster—run. “In view of realized and expected labor market conditions and inflation, […]

The post Fed Hikes Rates—How Many More Are to Come? appeared first on RISMedia.