Russia-Ukraine War

What is Stagflation? Why Economists Are Worrying About a 1970s-style Catastrophe

Published by FOX Business | May 20, 2022 Stagflation is the combination of economic stagnation and high inflation, characterized by soaring consumer prices as well as high unemployment.  Soaring consumer prices, supply chain shocks, rising energy costs and a hawkish Federal Reserve determined to bring inflation under control: These are the worrisome attributes of the U.S. economy that have …

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Chief Economist For NAR Predicts Uncertainty For Housing Market

Published by Forbes.com | May 5, 2022 NAR calculates purchasing a home is now 55% more expensive than a year ago. Two years after enduring the devastating financial impacts of Covid-19, the U.S. economy has made an impressive comeback, in large part due to a booming housing market. But as Lawrence Yun, chief economist for …

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Inflation Edges Higher, Affecting Housing

Published by REALTOR Magazine | April 13, 2022 Over the last year, the cost of shelter has increased 5%, marking the largest increase in four decades The rate of inflation reached 8.5% in March, continuing at a 40-year high and showing few signs of relief for consumers. Higher gas prices, food, and housing costs fueled the consumer …

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Mortgage Rates Are Surging Faster Than Expected, Prompting Economists to Lower Their Home Sales Forecasts

Published by CNBC | March 23, 2022 The 30-year fixed mortgage loosely follows the yield on the 10-year U.S. Treasury, which is now at the highest level since May 2019. The average rate on the popular 30-year fixed mortgage hit 4.72% on Tuesday, moving 26 basis points higher since just Friday, according to Mortgage News Daily. …

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Goldman Says Ukraine-Russia War Could Trigger U.S. Economic Recession

Published by Fox Business | March 17, 2022 Odds of a U.S. recession have increased to 20% to 35% because of the Ukraine war, economists say Goldman Sachs economists warned the probability of the U.S. economy plunging into a recession in the next year has risen dramatically in the wake of the Russia-Ukraine war. The economists, led by Jan …

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Weak Mortgage Demand Could Get a Big Boost Amid Ukraine Crisis

Published by CNBC | March 2, 2022 While mortgage rates rose to the highest level in two years last week, they have since fallen quite sharply due to the war in Ukraine. Mortgage demand stalled last week, as interest rates hit a multi-year high, but that will likely change quickly. Rates are now falling fast …

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