Dallas Fed Economics
U.S. housing: Unaffordable to buy, but wealth-building to own
A home is not only a place to live. It is a long-lived asset whose value reflects the housing service it provides over time and the return buyers require, given interest rates and risk. The ongoing combination of high house price-to-rent ratios and strained affordability suggests housing remains a macroeconomic vulnerability, though financial conditions appear more resilient than before the housing bust and subsequent Global Financial Crisis of 2008.
May 19, 2026
Southwest Economy
Texas homeowners pay high insurance costs, face rising premiums
Home insurance premiums have risen dramatically in the postpandemic years, with the median Texas homeowner paying 60 percent more for home insurance in 2024 compared with 2019, American Community Survey data show.
April 15, 2026
Dallas Fed Economics
Measures of inflation misalign with pricier home insurance
Overall, homeowners insurance is becoming less affordable, yet this deterioration in affordability is not well captured by either of the most widely used inflation measures—CPI or PCE—both designed to track price levels rather than affordability or household financial strain.
April 09, 2026
Dallas Fed Economics
Home insurance premiums influence mortgage delinquencies, relocations
The rise in homeowners insurance premiums since the pandemic is not just a pricing issue; it is a growing source of financial stress, inequality and geographic sorting.
March 24, 2026
Working Paper
The Impacts of Unauthorized Immigration on U.S. Labor and Housing Markets: New Evidence from Administrative Microdata
From early 2021 to early 2024, the U.S. experienced an unprecedented boom in unauthorized immigration, followed by a rapid slowdown beginning in mid-2024. This paper provides the first systematic empirical assessment of the labor- and housing-market effects of this episode.
March 23, 2026
Southwest Economy
Texas multifamily housing yet to stabilize; downside risks remain
A fair amount of excess supply remains in some markets, and new properties are facing longer lease-up timelines.
March 23, 2026
Working Paper
Investing in the Shadows: FinTech Growth and Mortgage Market Dynamics
The adoption of new technologies is widely viewed as a key driver of the rapid growth of nonbanks in the U.S. mortgage market after the Global Financial Crisis (GFC). This paper studies technology investment by mortgage lenders and its implications for post-GFC market structure.
February 23, 2026
Dallas Fed Economics
Real-time house price model shows U.S. housing market firming
House prices matter to more than just individual homebuyers and sellers. They are closely tied to consumer spending, business investment and the broader path of the economy.
January 15, 2026
Southwest Economy
Higher interest rates transform housing market, Texas real estate workforce
A pandemic-era period of relatively low interest rates and rising house prices drew a record number of new real estate agents to the field. Home prices have since remained high, but elevated interest rates and slowing sales have made the industry less attractive.
January 07, 2026
Southwest Economy
Texas electricity providers draw on variety of sources
Jim Burke, president and chief executive officer of Vistra Corp., the largest competitive power producer in the country, discusses the outlook for electric power generation in Texas as data centers and artificial intelligence demands are expected to reframe the business.
December 12, 2025