Update 502 – 2020 GDP Drop of 3.5%Really Hits Home… Owners & Renters The economy shrank by 3.5 percent in 2020, the largest contraction since 1946 and the first annual decline since 2009. Consumer spending specifically took a major hit, decreasing from Q3 to Q4 — an alarming anomaly and a reminder that disposable income, …
Update 498 – Amid Heated Debate on TrumpEconomy, Jobs, Wages Stuck in Deep Freeze After the fatal occupation of the Capitol last week, the nation’s attention is squarely focused on the state of our democracy and approaching transfer of power. For the first time in our history, the House is poised to impeach the President …
Update 475 — Starts and Stops:Survey of the Housing Sector Among the economic issues exacerbated by the coronavirus and the recession, housing is among the main culprits. Below, we analyze the situation facing renters, homeowners, and homebuyers and offer solutions for the housing crisis. We pause to reflect on the life of Justice Ruth Bader …
Update 399 — A Tale of Two Houses:Impact of Inequality on Housing Politics Although not generally considered a major policy remit of the federal government — housing accounts for under one percent of federal spending — housing and related markets represent 15 percent of GDP. Problems in the streets and on the Street have prompted responses on the …
Update 375: Amid Volatility and Shades of ‘08Whither the Housing Market, Where Headed? The next recession is not a matter of it but when. As for how, we look for early warning signs where we wish we had last time. The U.S. housing market was at the epicenter of the financial crisis of 2008, both as …
Update 359 — House Financial Svcs. Cmte. Adopts Eight Bills; Focus on Housing Reform This week, the House Financial Services Committee marked up eight bills, including five housing proposals. Chair Waters has put housing front-and-center in her legislative agenda, with a particular focus on a ‘housing trilogy’ in the areas of affordability, discrimination, and homelessness. …
Update 358 — Here Comes a Housing Pitch: Can Mitch Afford to Swing and Miss? The major piece of unfinished business from the financial crisis of 2008 is housing finance and housing policy generally. The GSEs, under conservatorship since then, and long-standing problems in housing finance and the underlying market have been awaiting comprehensive reform. …
Update 334: Hitting Hill for Humphrey-Hawkins;Powell Cites Concerns, Holds Rates in Place This Tuesday and yesterday, Federal Reserve Chairman Jerome Powell appeared before Senate and House Committees to report, as the Fed Chair does semi-annually, on the state of the economy and monetary policy. In his July 2018 testimony, Chairman Powell painted a picture of …
Fed Chair Powell Cites Concerns, Holds Rates in Place (February 28) Read More »
Affordable housing has increasingly become a contradiction, as many people are priced out of the property market or struggle with sky-high rents. The issue is a high priority item for House Financial Services Chair, Maxine Waters. Many new freshmen on the House Financial Services Committee have backgrounds in housing policy. Yesterday, the Trump Administration …
Update 315: Rough Waters Ahead for Banks? Maxine Takes Helm at House Financial Svcs. The gavel passing from retiring Rep. Jeb Hensarling (R-TX) to Rep. Maxine Waters (CA) at the House Financial Services Committee augurs one of the clearest sea changes in policy and style a U.S. House Committee will see in the 116th …
Maxine Takes Helm at House Financial Svcs. (November 30) Read More »
