by Steven Hill Homeownership has long been a cornerstone of the American dream. I have 12 nieces and nephews, and as they reach young adulthood and try to establish their careers, they are daunted by the soaring cost of homeownership in a way their parents and grandparents never ...
by Ben Harris Recently released government data hammered home what we have known for at least a year: A national housing shortage, not broad-based price increases, is driving inflation. Inflation over the past year was 3.1% — far less than in 2021 but still high enough for the ...
by Conor Sen The key economic question for 2024 is how to think about the interest rate cuts we’re likely to get from the Federal Reserve. Are they good news for the economy as borrowers catch a break, or a sign of impending recession as they were in 2001 and 2007? There’s still ...
Now comes the global fallout by Jonah Goldberg “China is going to eat our lunch? Come on, man,” scoffed then-presidential candidate Joe Biden in 2019. Two years later, now president Biden declared: “The Chinese are eating our lunch. They’re eating our lunch, economically. ...
by Justin Fox When the pandemic hit last year, young adults moved back in with their parents in a big way. Now the share of 18-to-29-year-olds living with parents and grandparents is back about where it was before COVID-19 arrived. Still, you might think that 42.8% of ...