A weekend topic starting with Fox Business. "St. Louis Federal Reserve President James Bullard agrees with Powell that it’s time to start reducing its $120 billion monthly purchases of Treasury and mortgage-backed securities. 'At this point, I'm not sure these…
A weekend topic starting with the Star Tribune in Minnesota. "Why does Duluth have a housing shortage if the population is barely growing? 'I don't necessarily accept the narrative that Duluth isn't growing given all the complex factors,' said Noah…
A weekend topic starting with Tulsa World in Oklahoma. "In August 2019, the median sale price of Tulsa homes was $165,000. That number has jumped nearly 34% to a median sale price of $221,000 in 2021, according to realtor.com. 'The…
A weekend topic starting with the New York Times. "'It’s making me nervous that you’ve got this incipient housing bubble, with anecdotal reports backed up by a lot of the data,' James Bullard, the president of the Federal Reserve Bank…
A report from Politico. "House prices are surging, stocks have continued their stratospheric rise, and banks have more cash than they know what to do with. Yet the Fed is still pumping billions into the economy. Why? That’s what a…
A weekend topic starting with the Journal Record. "Today we dive deeper to better understand the anatomy of a bubble. In Poor Charlie’s Almanack, discussing the need for more reconciliation of psychology and economics, Mr. Charlie Munger cited a study…
A report from Axios on Iowa. "Des Moines residents have spent the last year talking about our frenetic housing market, but there are early signs that some equilibrium is on its way. Zillow now shows a number of houses in…
A weekend topic starting with Better Dwelling. "Canada’s central bank has had researchers quietly studying bubbles overseas. The study, Bubbles, Crashes and Information Contagion In Large-Group Asset Market Experiments, appeared in the June issue of Experimental Economics. The researchers found…
A report from KJZZ in Arizona. "Phoenix construction activity is getting close to levels seen in 2006, just before the housing crash and Great Recession. 'At the conclusion of fiscal year 20-21, planning will have issued approximately 47,000 total construction…
A report from DS News. "An estimated two million homeowners remain in forbearance plans. By stage, 10.7% of total loans in forbearance were in the initial forbearance plan stage, while 83.1% were in a forbearance extension, and the remaining 6.2%…