Opinion

Dodd-Frank damaged housing market

Would it shock you to learn that a regulatory bill enacted in the aftermath of the 2008 financial crisis ended up hurting some of the very households lawmakers were trying to help? I didn’t think so. By now it should be clear to everyone that even the best of intentions are no guarantee of good...

John Hood
Opinion

Housing demand will stay strong

For much of the past year, housing markets were ablaze in many parts of North Carolina. Motivated buyers were flush with cash and armed with low-rate loans. Agents were desperate for inventory to sell. Sellers gasped and smiled as competing offers soared upward. Builders broke ground on as many new projects as available labor and...

John Hood

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Opinion

Housing prices reflect changes in work

It was bound to happen. The percentage of adults working from home has fallen significantly from its pandemic-era peak. Nevertheless, telecommuting has established itself as a lasting and consequential fact of modern life. Before COVID struck in early 2020, the share of full paid workdays performed at home by Americans aged 20 to 64 was...

John Hood
Opinion

Movin’ On, But Not Movin’ Out

"Honey, I've moved on," doesn't necessarily mean, "Honey, I'm moving out," in this economy.When no-longer-in-lovers find new sources of spiritual, emotional, and romantic happiness, divorce and separation of household usually ensues. But this is (temporarily) a different world. The money question may trump love, or hate, or simple boredom.

Dr. Karen Y. Palasek
Opinion

No. 954 Are We in a Recession?

The dreaded "r" word — "recession" to economists — is being uttered more frequently today in the media. Some think we're already in a recession, some think we're about to go into a recession, while others think a recession is still unlikely. For the average non-economist, this is all a bit confusing and concerning. While most people might not know what the technical definition of a recession is, they do know one thing: It’s probably not good.

Michael L. Walden