Recession
The economy is still growing, but the margin for error is shrinking fast. That’s according to Moody’s Analytics chief economist Mark Zandi, who said his latest modeling puts the chance of a recession over the next year at about 40%, well above the typical baseline. “I expect in the most likely baseline scenario going forward…
By Ryan Casey Stephens, FPQP®Special Contributor At the time of this writing, mortgage bonds and interest rates are nearing their second-worst levels since February and there’s a lot of room to the downside. We’ve generally enjoyed rates dropping each week since the first week of March, which spurred a burst of activity in our local…
By Ryan Casey Stephens, FPQP®Special Contributor Have you noticed changes happening around you? My neighbor’s nice, clean home has been on market for more than 40 days, and now they’ve reduced the price. If you’ve shopped for a used car you’re likely seeing prices falling by the day. Credit interest rates of all types have…
By Ryan Casey Stephens, FPQP®Special Contributor This is one of those funny weeks where nothing happens, then everything happens all at once. Data-packed holiday weeks can cause havoc in markets since traders don’t have much time to digest the readings and reports coming in. With any luck though, we’ll get some positive figures, and the…
Emails flood our inboxes every day with news that construction prices are up, inflation is out of control, and a recession is imminent. Somewhere in the mix, there are also messages telling us it’s a great time to buy a new home, construction is on the rise, and the market is rebounding to pre-pandemic levels. …
