Housing Market Perspectives is published by the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis on key housing indicators and trends that economists are watching.
The high share of young adults that rent today doesn’t suggest the Great Recession or other events have pushed them far off course.
Recent changes in mortgage rates, existing home sales, real house prices and residential investment mirror those seen in past late-stage economic expansions.
Read how a country’s homeownership rate in 2005 predicted its per capita growth trajectory and homeownership rate a decade later.
Read how provisions of the new tax code, notably new limits on the mortgage interest deduction, could influence various aspects of housing choice.
Learn why homeownership should comprise a limited share of a family’s total assets—even after the recovery in house prices.
Read how housing and consumer spending are powering the economy like never before, even as overall GDP growth remains weak.
Wealth gains for blacks and Latinos suffered between 1989 and 2013 because most of their wealth was concentrated in homeowners‘ equity.