The September employment report disappointed analysts; will it also complicate the Federal Reserve’s plan to begin withdrawing the monetary support that has cushioned the economy throughout the pandemic?Read More
Is the housing boom creating a dangerous bubble? In every boom-and-bust real estate cycle – and there have been a lot of them – experts have suggested and consumers have believed that the boom they were seeing, unlike all the others, would not be followed by a decline. And every boom-bust cycle in the past has proven them wrong.
Reports on housing market conditions during the past year have chronicled the disconnect between an economy hobbled by the pandemic and a housing market that seems to exist in an alternate universe, seemingly unaffected by lockdowns, job losses, and economic uncertainty.
The December employment report was a good news-bad news-good news story. The good news: Employers added nearly 50,000 jobs and the unemployment rate fell, after remaining essentially flat for the previous two months.