Dallas Fed Economics
New office buildings rise on Texas skyline despite difficult market
Despite persistent remote work arrangements and high vacancies in existing office buildings, construction cranes erecting new office space continue to dot Texas skylines.
September 05, 2023
Dallas Fed Economics
Location, location, location: Mortgage rate impact varies by metro
The role of individual housing markets and their sensitivity to mortgage rate changes play an important part in understanding the impact of higher rates.
August 15, 2023
Dallas Fed Economics
Rent inflation remains on track to slow over the coming year
The rental rate for new leases increased about 15 percent in 2021, despite a modest increase in the most commonly watched U.S. inflation gauges. A forecast of rent inflation currently anticipates it slowing to below 6 percent by the end of first quarter 2024.
June 20, 2023
On the Nexus of Monetary Policy and Financial Stability: Novel Asset Market Monitoring Tools for Building Economic Resilience and Mitigating Financial Risks
This paper argues that asset pricing bubbles are an important source of financial instabilities.
June 02, 2023
Dallas Fed Economics
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
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
Dallas Fed Economics
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
Dallas Fed Economics
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
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
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