All Posts Tagged: housing

U.S. Outlook: Happy anniversary, Great Recession expansion!

Scott Anderson
Chief Economist

The current economic expansion turned nine years old this month.

outside shoppers in San FranciscoHow does this expansion stack up against the longest on record, and how long will it last?

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on June 8.

Key observations:

  • The current expansion, at 108 month long and running, is the second longest in history going back to 1854, trailing only the 1991-2001 expansion.
  • Sharp downturns in GDP are sometimes followed by strong and rapid recoveries, but debt-driven recessions, like the Great Recession, can take longer to fully recover from.
  • Income growth during the current expansion has remained tepid compared to past expansions.
  • In our view, this expansion is likely to last for at least six more quarters, partly due to the tax cuts that were enacted late last year.

 

Read my full report.

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California Economic Outlook – June 2018

Scott Anderson
Chief Economist
Side view of tall concrete bridge spanning two peaks along the coastline of California at sunset.

California’s job creation continues to outperform the nation, but job growth has slowed as more metro areas exceed full employment.

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U.S. Outlook: What’s the current health of the housing market?

Scott Anderson
Chief Economist
couple in foreground with toddler on man

Both new and existing home sales dropped sharply in April. So we thought now would be a good time to look at the health of the U.S. housing market.

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U.S. Outlook: Positive economic surprises continue

Scott Anderson
Chief Economist

The Bloomberg economic surprise index is at its highest level since March, as U.S. economic indicators have been generally surpassing economists’ forecasts over the past month.

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Is it better to rent or buy?

Victor Polich
Mortgage Banking
woman sitting near a window, pensive.

The choice between renting a home or buying one is one of the biggest (and most challenging) financial decisions many of us make in our adult life.

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