Scott Anderson
Posted by3108489134
Chief Economist

Much of the recently released U.S. housing market data has been on the weaker side.

Housing being built on a small hill, with wooden scaffolding surrounding much of it. Lovely sunrise is shining above the horizon.For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on August 24.

Key observations:
  • After peaking at 6.7% of GDP in the third quarter of 2006, residential investment as a share of GDP declined for 14 successive quarters, reaching a nadir of 2.4% in the third quarter of 2010.
  • Despite the recent weakness in the housing data, home prices continue to rise, largely due to low inventory.
  • Even though existing home prices have increased year-over-year for 77 consecutive months, prices relative to income are still nowhere near the levels seen just prior to the last housing downturn.
  • Our forecast calls for a continued gradual slowdown in the housing market, which is typical for the late state of an economic expansion.

(972) 510-1069

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(347) 664-5495

Victor Polich
Mortgage Banking
Young man celebrating good news that he

Let’s take a look at typical elements of the post-offer approval process so that you can get an idea of things that happen before you close on a home.

(226) 690-0810

Instant Analysis: August FOMC meeting minutes

Scott Anderson
Posted by8192602863
Chief Economist
Facade of the Federal Reserve building in Washington DC on a sunny day.

A September rate hike is a near certainty at the next FOMC meeting. 

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(707) 294-8750

Wade Balliet
Posted byjog trot
Investment Strategy
Closeup of stock market screen with all green arrows pointing up next to specific percentages.

The current bull market isn’t over yet.

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U.S. Outlook: Emerging markets turmoil returns

Scott Anderson
Chief Economist
Flea market scene in Argentina, with lots of shoppers milling about.

Emerging markets turmoil returned with a vengeance this week, and it’s more than a simple “taper tantrum” this time around.