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The Latest Breaking News from Mark Zandi

The U.S. housing market to see second biggest correction of the post-WWII era—when to expect the home price bottom

In the third quarter of 2022, falling home prices erased a record $1.3 trillion in home equity. It isn't over yet.

Fortune

New GDP report shows an economic turnaround, but don't be fooled

Thursday's GDP report shows the U.S. economy grew at an annual rate of 2.6% in July, August and September, after shrinking in the first half of the year.

WEKU

There's a massive housing shortage across the U.S. Here's how bad it is where you live

Hundreds of cities and towns are seriously short of housing, both homes to buy and rentals, according to a new study. It's the main reason that home prices and rents are so high.

WEKU

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read the most diverse news in one place.

Rents in US rise at fastest pace since 1986, buoying inflation

Rents rose in the U.S. last month at the fastest pace since 1986, helping to propel overall inflation to a fresh four-decade high.

Tribune News Service

Five things to know about the next US housing crisis

High home prices, scarcity and global uncertainty may be the perfect recipe for a US housing crisis, economists say.

Al Jazeera

No retreat in the summer heat. Inflation blistering at 9.1% in June

Inflation hit a new, four-decade high of 9.1% last month, fueled in part by record high gasoline prices. Gas prices have since fallen, but overall inflation is still elevated.

WEKU

With US dollar nearly equal to euro, impact is being felt

The U.S. dollar has been surging so much that it’s nearly equal in value to the euro for the first time in 20 years

The Independent UK

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EXPLAINER: How Biden's proposed gas tax holiday would work

Facing stubbornly high gas prices that average about $5 a gallon nationwide, President Joe Biden has urged Congress to suspend federal gasoline and diesel taxes for three months

The Independent UK

Biden to call for 3-month suspension of gas and diesel taxes

President Joe Biden is preparing to call on Congress to suspend the federal gasoline and diesel taxes for three months

The Independent UK

Is The US On The Brink Of A Recession?

Nearly 70% of academic economists recently surveyed by the Financial Times in partnership with the Initiative on Global Markets at the University of Chicago’s Booth School of Business expect the US economy to fall into a recession in 2023.

Benzinga

Worry about stagflation, a flashback to '70s, begins to grow

Stagflation

The Independent UK

Worry about stagflation, a flashback to '70s, begins to grow

Stagflation

The Independent UK

Student loan forgiveness unlikely to boost the economy

The Biden administration has been considering a plan to cancel at least $10,000 of federal student-loan debt. President Biden promised something of the sort during the 2020 presidential campaign. And with about 45 million current and former students carrying $1.76 trillion in debt, some sort of debt forgiveness is appealing…

Los Angeles Times

Home prices could fall in some U.S. cities. Here's where and why

During the past two years, home prices nationally have soared more than 30%. Rising mortgage rates make affording a home even harder. That has many people wondering if we're in another housing bubble.

WEKU

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WEKU

Rising home prices are leading to fears of a new housing bubble

Home prices are up 30% in the past year in some cities. Many people wonder if we're in another housing bubble. Some economists think prices could fall in places where homes are especially overvalued.

The Independent UK

Economic dangers from Russia's invasion ripple across globe

Moscow’s war on Ukraine and the ferocious financial backlash it’s unleashed are not only inflicting an economic catastrophe on President Vladimir Putin’s Russia

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