• Economic, Housing and Mortgage Market Outlook – September 2023

    While overall economic growth has been resilient, the labor market shows signs of cooling off, with job openings down and job growth softening. The labor market slowdown may help reduce inflationary pressures. More

  • Economic, Housing and Mortgage Market Outlook – August 2023

    U.S. economic growth remains on firm ground, with strong consumption spending and a tight labor market. Although housing market activity has slowed, a demand-supply imbalance is causing a rebound in home prices. More

  • Economic, Housing and Mortgage Market Outlook – July 2023

    The U.S. economy grew at its long-run average rate of 2% during the first quarter of 2023 and the labor market remains strong with an unemployment rate below 4%. The housing market has been impacted by high rates with millions of U.S. homeowners locked into previously low mortgage rates and content to remain in their current homes, helping to keep inventory low. More

  • Economic, Housing and Mortgage Market Outlook – June 2023

    The U.S. economy is stalling as higher interest rates weigh on interest rate-sensitive sectors like housing. But the U.S. consumer has been resilient, and the broader economy has weathered several adverse shocks over the past year and a half, avoiding a recession so far. More

  • Economic, Housing and Mortgage Market Outlook – May 2023

    Recent data suggest the glass is more than half full: a growing economy, a strong labor market, and relatively resilient first-time homebuyer demand despite poor affordability. In this write-up, we summarize key recent developments, then provide our opinion on the outlook as well as a breakdown on the topic of inflation. More

  • Quarterly Forecast: Rapidly Rising Rates & Declining Demand Driving a Housing Market Slowdown

    Mortgage interest rates have increased at the fastest rate since the early 1980s. The increase in rates has been driven by a general increase in interest rates throughout the economy, which in turn have been primarily driven by inflation. More