2015 Central Oregon Economic Forecast

January 29th, 2015

Stay tuned for more information for the upcoming forecast and conference.

Real Estate

Previously published on December 12, 2014 on The California Economic Forecast

National Markets

Since the recession began, we’ve said that residential real estate markets would not recover until the homeownership rate (the percentage of households owning the home they live in) fell to the 64 percent to 65 percent range.  We also said . . . → Read More: Real Estate

Financial Advice from the Fed Chair

In two recent speeches Federal Reserve Chairman Janet Yellen has highlighted issues of personal finance. In each case she referred to results from the Fed’s triennial Survey of Consumer Finances (SCF), the most recent version of which (2013) was released just last month. In September, Chairman Yellen commented on the meager levels of wealth . . . → Read More: Financial Advice from the Fed Chair

Compression at the top

One of the major stories of recent years is that of rising income and wealth inequality, whereby the rich are supposedly getting richer and the poor poorer. A primary piece of evidence for this is increases in the shares of income and wealth accruing to the top 10% of the distribution, the top 1% . . . → Read More: Compression at the top

The Vice President and the SHED

In order to better understand the state of household finances, the Federal Reserve has recently conducted a special survey called the Survey of Household Economics and Decision making, or SHED. This is in addition to the tri-annual Survey of Consumer Finances. Key findings from the SHED include the following: (a) most families indicate that . . . → Read More: The Vice President and the SHED

What’s up with housing?

Housing is traditionally a very volatile sector of the economy. It tends to lead the business sector (indeed, some economists like Ed Leamer of the UCLA Forecasting Group say that housing IS the business cycle). Housing is subject to booms and busts. A case in point is the major housing boom of the early . . . → Read More: What’s up with housing?