May 23, 2023 For a year we have had to deal with rising interest rates and lower home affordability. Much of this was expected after record-low interest rates helped fuel a real estate purchasing frenzy which resulted in prices increasing by double digits for the past few years. Fast forward to today, and home prices […]
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May 16, 2023 Fannie Mae’s economists say a recession is coming. So does the Mortgage Bankers Association. As a matter of fact, 58% of economists are predicting a recession coming in the near future. Some even are predicting that the recession has started in the second quarter, but most are now expecting the start to […]
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May 9, 2023 It has been a crazy first quarter. It is amazing that the economy produced approximately one million jobs during the first quarter of the year. Everyone knew that the pace of job creation was not likely to continue, especially since we have already replaced the number of jobs lost during the pandemic-induced […]
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April 18, 2023 We are now over one-quarter of the way through the year. We will soon have the first measure of economic growth for the first quarter of the year – just in time for the Federal Reserve to meet again and decide whether to raise short-term rates again. Thus, we feel that it […]
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April 4, 2023 The employment sector of the economy has been nothing short of amazing. Close to full employment, we lost an amazing number of jobs during the pandemic – close to 25 million. By July of last year, we had recovered those jobs and it was expected that the pace of job creation would […]
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March 28, 2023 Last week was another eventful week for the markets. There was a lot of anticipation regarding the meeting of the Federal Reserve, especially after Chairman Powell testified before Congress just a few weeks ago. In this testimony, he continued to pledge to keep up the pressure on inflation. On the other hand, […]
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March 14, 2023 Almost one quarter of the year is finished, and we still do not have an answer. By now we were supposed to be experiencing the start of a “mild” recession. Yet interest rates have risen since early February because the economy is too hot, threatening our progress on the war against inflation. […]
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March 7, 2023 Two weeks from now the Federal Reserve will be meeting again. Meanwhile the members of the Open Market Committee have been on a feeding frenzy. While mere mortals like us feed on regular food such as meat, carbs and dairy, the Fed feeds on data. And they have had plenty of data […]
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