The Latest Breaking News from Mark Zandi

Hundreds of cities and towns are seriously short of housing, both homes to buy and rentals, according to a new study. It's the main reason that home prices and rents are so high.

Rents rose in the U.S. last month at the fastest pace since 1986, helping to propel overall inflation to a fresh four-decade high.

High home prices, scarcity and global uncertainty may be the perfect recipe for a US housing crisis, economists say.

Inflation hit a new, four-decade high of 9.1% last month, fueled in part by record high gasoline prices. Gas prices have since fallen, but overall inflation is still elevated.

The U.S. dollar has been surging so much that it’s nearly equal in value to the euro for the first time in 20 years

Facing stubbornly high gas prices that average about $5 a gallon nationwide, President Joe Biden has urged Congress to suspend federal gasoline and diesel taxes for three months

President Joe Biden is preparing to call on Congress to suspend the federal gasoline and diesel taxes for three months

Nearly 70% of academic economists recently surveyed by the Financial Times in partnership with the Initiative on Global Markets at the University of Chicago’s Booth School of Business expect the US economy to fall into a recession in 2023.   

Stagflation

Stagflation

The Biden administration has been considering a plan to cancel at least $10,000 of federal student-loan debt. President Biden promised something of the sort during the 2020 presidential campaign. And with about 45 million current and former students carrying $1.76 trillion in debt, some sort of debt forgiveness is appealing…