ProfessorWerner.org
For years, the conventional wisdom has been simple: the Federal Reserve cuts rates, mortgage costs fall, and home prices rise. But there’s a growing body of evidence, and a very different framework from economist Richard Werner, suggesting the causality runs the other way. If you buy Werner’s argument that interest rates follow the economy instead […]
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1. Consumer Price Index (CPI) – Phoenix Metro Area Implication for real estate: 2. Employment & Unemployment Trends Unemployment Rates Job Market Momentum Implication for real estate: 3. How These Factors Intersect in the Phoenix Real Estate Market Here’s how CPI and employment trends are playing out on the ground: Summary Snapshot Final Takeaway In […]
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For years, headlines have warned that homeownership is becoming a distant dream—especially for younger generations. Rising prices, student debt, and tighter inventory have all contributed to the perception that owning a home is simply out of reach for Millennials and Gen Z. But is that fear truly backed by the data? Let’s take a closer […]
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In recent weeks, Washington has been buzzing about a massive housing reform package nicknamed the “Big Beautiful Bill.” While the full text hasn’t been released, early reports suggest it could be one of the most comprehensive attempts in decades to address the nationwide housing shortage. With Arizona facing its affordability crisis, the potential ripple effects […]
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A fresh round of headlines broke this morning: the U.S. and Japan have reached a new tariff agreement, cutting auto duties from 27.5% to 15%. On paper, it appears to be a win. In practice? That 15% rate is still well above pre-trade-war levels, meaning the pressure on consumer goods—and inflation—remains very much intact. That […]
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The latest Consumer Price Index (CPI) data sent a clear message: inflation isn’t done yet. June’s CPI report showed a 0.3% monthly increase, pushing the annual inflation rate to 2.7%, up from 2.4% in May. Core inflation, which excludes food and energy, also increased, rising 0.2% month-over-month and standing at 2.9% year-over-year. It’s the kind […]
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At the European Central Bank’s prestigious annual forum in Sintra, Portugal, on July 1, 2025, Federal Reserve Chair Jerome Powell took the stage alongside global counterparts, offering a clear message: the Fed is exercising caution, not making hasty decisions. While markets had been hoping for a signal that interest rate cuts were imminent, Powell instead […]
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This summer was supposed to be the season when housing regained its momentum. Warmer weather, pent-up demand, and some long-awaited relief from high mortgage rates were all expected to spark activity. But instead of momentum, we’ve got a market clouded by rising global tension, stubbornly high interest rates, and an economy that seems to be […]
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On June 18, 2025, the Federal Reserve announced that it would hold its benchmark interest rate steady at 4.25% to 4.50%, opting to maintain its current course in the face of elevated inflation and rising global trade tensions. While Fed officials continue to signal that two rate cuts may still be forthcoming before the end […]
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A recent headline from Redfin sparked a national conversation: the U.S. housing market now has nearly 500,000 more home sellers than buyers—the most significant gap in over a decade. Based on April 2025 MLS listings and Redfin’s buyer activity models, the report suggests a subtle yet important shift toward a buyer’s market. Here in Scottsdale […]
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