Forecast
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Forecast | April 14, 2021
Quarterly Forecast: As the Economy Recovers, the Housing Market Remains Healthy While Mortgage Rates Move Up
Availability of the vaccine continues to improve, and COVID-19 restrictions are easing therefore sparking economic growth. With the passage of the American Rescue Plan Act of 2021, which included payments of up to $1,400 for individuals, $2,800 for married couples plus $1,400 for each dependent, consumer confidence in March reached the highest level since the start of the pandemic. More
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Forecast | January 14, 2021
Quarterly Forecast: Housing Market Continues to Perform Strongly Primarily Driven by Historically Low Mortgage Rates
It’s been close to a year since the pandemic began, and economic growth continues to remain uncertain. The availability of a COVID-19 vaccine and its widespread distribution should steer the economy towards recovery, but the timelines remain unknown. The labor market has recovered from the lows it reached in April of last year but continues to be weak. As of mid-December of 2020, jobless claims were still around 20 million, remaining well above the pre-pandemic levels. The unemployment rate was 6.7% in December with more permanent job losses and less labor force participation signaling a slowdown in the current labor market recovery. More
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Forecast | October 14, 2020
Quarterly Forecast: Housing Market Continues to Rebound as Mortgage Rates Hover at Record Lows
Economic activity stalled in early July. Even with many businesses reopening, unemployment claims remained high through September. Total jobless claims were about 26 million in the second week of September. More
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Forecast | June 16, 2020
Quarterly Forecast: The Economy is Recovering from a Deep Contraction and Housing is Rebounding, but the Outlook Remains Highly Uncertain
The effect of COVID-19 has been felt around the world and across the United States. As states have begun easing restrictions, the economy is rebounding but continues to be constrained. More
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Forecast | April 13, 2020
Quarterly Forecast: The Housing Market Faces Challenges Amid Economic Uncertainty
As large swathes of the U.S. economy shut down to battle the COVID-19 pandemic, the housing market faces its greatest challenge in over a decade. More
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Forecast | December 23, 2019
Optimism Heading into 2020
Sustained economic growth, low interest rates, and a robust labor market helped the U.S. housing market regain its footing in 2019. More
