WASHINGTON, Aug 14 (Reuters) – Pessimists watching the Federal Reserve battle inflation have focused on the so-called “last-mile” problem, convinced a full return to the U.S. central bank’s 2% inflation target will require a recession […]
The US economy may avoid a recession after all. That’s not great for sidelined homebuyers. A recession would likely cause interest rates to fall, bringing down mortgage rates and adding housing inventory. High borrowing costs […]
The entire world was bracing for a US recession at the start of 2023. Over six months down the line, the world’s largest economy is not shrinking, at least not yet. But if the US […]
Just days into 2023, homebuilders across the country saw a noticeable uptick in demand, as price-sensitive buyers sought relief from last year’s mortgage rate shock. The combination of builders’ price adjustments—which were substantial in Western markets like Salt […]
The numbers: A survey of U.S. consumer confidence jumped to a 17-month high of 109.7 in June, reflecting a slowdown in inflation and fewer worries about a recession. The closely followed index increased 7.2 points from a […]
Paul Krugman sounded an optimistic note on the economy, saying recent news has been increasingly encouraging. The Nobel Prize-winning economist referred to falling inflation and noted there are no signs of a recession. He added, […]
The Commercial Real Estate sector is at risk of a recession, warned Ross Perot Jr. The real estate billionaire said banks needed to lend to the industry to avoid a sharp downturn. Some lenders have […]
LONDON (AP) — The British economy will avoid falling into recession this year, according to upgraded growth forecasts Tuesday from the International Monetary Fund. In its latest assessment of the U.K. economy, the Washington-based fund said domestic […]
Combined with tightening credit for construction lending, which we expect will soon be realized by a slower new project pipeline, we are expecting a significant slowdown in starts later this year,” wrote Fannie Mae economists […]
Today’s high inflation has triggered aggressive moves from the Federal Reserve, which has many economists worried that we’re headed toward a recession. These concerns also come at a time when home prices are steep and mortgage rates are rising, causing […]
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