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Will the U.S. Economy fall into recession in 2023? Only if the Fed intensifies current tightening policies
Source: University of California --- The U.S. economy has little chance of falling into a recession this year or next unless the Federal Reserve raises interest rates more than they are currently projecting, according to a new forecast released yesterday at the 13th...
The most ‘underreported’ factor influencing housing market, according to Calculated Risk
Source: Deseret News --- Bill McBride, author of the economics blog Calculated Risk, said there’s a key reason why both rent and home price growth is slowing amid the U.S. housing correction playing out today. In a live Twitter Space hosted by Fortune Magazine on...
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U.S. Condo Prices Jump to New Record Highs in 2022
Source: World Property Journal --- National property broker Redfin is reporting this week the typical U.S. condo sold for a record $319,000 in February 2022. That's up 14.6% from a year earlier and 22.7% from two years earlier, just before the pandemic began. Condos...
Mortgage delinquencies rose for the first time in 9 months. Here’s what that means for the housing market.
Source: Market Watch --- Mortgage delinquencies are on the rise. Indeed, in February, the national delinquency rate rose for the first time in 9 months, largely driven by a 97,000 rise in early-stage delinquencies — or those that were 30 – 60 days past due, according...
US construction tech firms brace for increased cyberattacks
Source: Construction Dive --- Cybersecurity experts caution against something far more foundational than ransomware attacks or private data thefts when it comes to threats in the construction sector: Their eyes are on the security of building materials. "Take for...
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