Harvard s Jason Furman started the year with a 50% probability of a recession within the next one year. He s now recalibrated it to 20%. Mark Zandi, chief economist at Moody s Analytics, reduced his estimate from 50% to 33%. Goldman s Jan Hatzius was an outlier with a 35% probability at the start of the year. He has now pegged it down to just 15%.
How much does a home cost in Idaho? Idaho ranks as the most ‘overvalued’ housing market in the U.S., with home prices that exceed their fundamental value by almost 42%, according to Moody’s Analytics. Here’s where Utah’s home prices rank.
The high cost of housing is why young adults fear they will never become homeowners. Credit Karma says a third of Gen Z pays more than half of their income on rent or mortgage. Some are moving to cheaper communities to find houses they can afford.