The podcast then turns to a discussion of whether the worst is over for the troubled single-family housing market. Our podcast guest is Lance Lambert, the real estate editor for Fortune.
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https://t.co/YHze2eBHn5
💸🏠Healthy Inflation, Unhealthy Housing
Inside Economics Podcast Ep 120
The stellar June U.S. CPI inflation report is top of mind for hosts Mark Zandi, Cristian deRitis and Bernard Yaros Jr. The report arguably could not have been better, as the conversation makes clear.
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Moderating inflation in November's CPI report is encouraging but we aren't out of the woods yet. The Atlanta Fed's sticky-price inflation measure has yet to peak suggesting headwinds to get inflation down to 2%.
A large divergence between the Conference Board's Consumer Confidence Index and the University of Michigan's Consumer Sentiment Index has presaged every recession since 1990.
The difference today is near a record high @Markzandi
Another key recession indicator is on display in the men's fashion department. Economic folklore holds that ties getting skinnier during economic downturns.
Something to consider @Markzandi
Great webinar this morning with my #InsideEconomics cohosts on the question of "Is Recession Inevitable?" (https://t.co/oZYP3wIQBa)
Hard to ignore this chart
Wondering what the midterms mean for the economics of it all? Tune in this Friday as we break down the economic implications of a new Congress.
@MiddleWayEcon@DanWhiteEcon
https://t.co/1cvPPxDEtN
WATCH on #InsideEconomics: Mark Obrinsky of @ApartmentWire comments on what drove the tight housing market in the summer of 2021.
@MObrinsky: “We haven’t produced anywhere near enough housing, of any type, pretty much anywhere in the country.”
https://t.co/FMdwhFui4T
When you see a "peak-to-trough" U.S. home price decline forecast, keep in mind the model varies a lot by market.
@MoodysAnalytics predicts a -10% drop in U.S. home prices.
In Boise, Moody's predicts -23.3%
In Chicago, Moody's predicts -3.6%
We just calculated our repeat sales national house price index for September - it fell 0.6% from August and 6.3% annualized from the peak in July. Prices for homes in the bottom 1/3 of the market are holding up better than the rest of the market. September metro HPIs coming soon.
@Markzandi@RealTime_Econ It's been a great pleasure working with you Ryan. Your insights into the nuances of unemployment insurance claims and other economic indicators has been educational along with your encyclopedic knowledge of sports movies and memes. I look forward to continuing our debates!
It was even more fun the second time around to have our buddy @Aarondklein on the Inside Economics podcast. In this episode, we get into threats to the global financial system and discuss if central banks can avoid breaking something.
https://t.co/BUpuKdykLv
ICYMI the Biden administration released an update on its Housing Supply Action Plan. Good initiatives but the key remains zoning reform with some near term opportunities to reactivate vacant properties.
https://t.co/3ymXSE0PMO