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A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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May 12 2015

The Outlook for Home Prices

Homes prices have grown significantly since the depths of the Great Recession. However, despite the Fed’s near-zero interest rate policy, the U.S. housing market is still a shadow of its former self, and remains some distance away from a full recovery. Notably, home price growth has slowed dramatically since 2013, residential fixed investment remains weak, and the home ownership rate is the lowest in two decades. Indeed, the prevailing consensus is that home price growth will continue to fade.

With the spring home buying season in full swing, in its latest research, ECRI clarifies the cyclical outlook for the U.S. home prices based on the recent performance of our Leading Home Price Index, and analysis of other key factors weighing on housing inflation.

Related News & Events

Oil Price Volatility, Recessions, U.S. Outlook

Bloomberg May 11, 2015

ECRI's Lakshman Achuthan joined Bloomberg TV to discuss ECRI's recession call, the implications of oil price volatility, the two-speed economy in the U.S., and more. More

 

Minsky Conference Audio with Slides

ECRI April 17, 2015

The very idea that this has been a sub-par recovery is a long-standing misunderstanding. More