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Threat of global housing slide looms amid rising rates
While house-price growth has recently begun to moderate—or, in some countries, to decline—the risk of a deep global housing slide persists.
February 28, 2023
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Research Department Working Papers
Financial Technology and the Transmission of Monetary Policy: The Role of Social Networks
This paper establishes that social networks play a key role in consumers’ adoption of FinTech lending, which amplifies the effects of a monetary stimulus.
February 14, 2023
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Existing low-rate mortgages blunt impact of recent rate surge
The prevalence of low-rate mortgages suggests that future policy rate cuts may not as effectively stimulate household spending through refinancing as during past recessions.
December 27, 2022
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Skimming U.S. housing froth a delicate, daunting task
U.S. house prices appreciated a remarkable 94.5 percent from first quarter 2013 to second quarter 2022—a 60.8 percent rise after adjusting for inflation.
November 15, 2022
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Southwest Economy, Third Quarter 2022
Around the Region: Office Markets Slowly Emerge from Pandemic Slump
The pandemic seismically shifted work from the office to home, particularly during its initial lockdown phases. Even when these limits and capacity restrictions eased and economic activity rebounded, office space demand remained soft and vacancy rates climbed.
October 03, 2022
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Southwest Economy, Third Quarter 2022
Big Federal Stimulus, Home-Value Spike Won’t Ease Next Slump
Ultra-low interest rates and a historic housing boom that aided state and local government operations are fading, suggesting Texas policymakers may encounter additional difficulties during the next downturn.
October 03, 2022
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Inflation in services likely to rise further despite slowing goods prices
Given rising demand for in-person services, the slow pass-through of surging house prices to rent and owners’ equivalent rent (OER), and higher health care worker wages, services inflation is likely to increase further.
September 06, 2022
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Rent inflation expected to accelerate then moderate in mid-2023
With housing price moderation, it is important to assess the implications for rent inflation and OER inflation and, in particular, whether they may soon ease and help slow overall inflation.
August 16, 2022
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Southwest Economy, Second Quarter 2022
Around the Region: Texas Home Prices Rose at Record Pace in 2021
The buyer frenzy in Texas housing markets began in summer 2020, just months after COVID-19 shut down the economy in March and April.
July 01, 2022
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Real-time market monitoring finds signs of brewing U.S. housing bubble
There is growing cause for concern that U.S. house prices are again becoming unhinged from fundamentals.
March 29, 2022