Macro & Labor 2/8

RESEARCH & INSIGHTS

Consumer Debt Soars, Unmasking Housing Market Risks

Consumer debt rose to a record $17.1 trillion during the second quarter of 2023, unmasking a new risk to the US economy.

The Housing Market Correction Hiding in Plain Sight

While many celebrate the recent positive shift in home prices, the emergent optimism neglects a critical piece of the puzzle: inflation.

Locked Out: Most Renters Anticipate a Lifetime Without Homeownership

Due to high prices and tight underwriting standards, many renters now expect there’s a good chance they will never own in their lifetime.

Adjusted CPI Inflation Falls to 2.4% for Homeowners, 5.1% for Renters

A return to a normal inflationary environment has come more quickly for homeowners than renters, though progress remains across the board.