What Does a Potential Recession Mean for Housing?
The odds of a recession have increased significantly following several weeks of dramatic government policy shifts. The housing market is relatively insulated from a downturn
Chen Zhao is the head of economics research, where she produces research on the housing market for public and internal audiences.
Previously, she was an executive director leading housing finance and financial markets research at the JPMorgan Chase Institute. Prior to joining JPMCI, Chen was an economics consultant at Analysis Group, Inc., where she worked on financial litigation cases and led teams conducting health economics and outcomes research on behalf of pharmaceutical companies.
While in graduate school, Chen was with the Center for Economic Studies and the Social Economic and Housing Statistics Division at the US Census Bureau, where she conducted applied microeconomics research using large scale restricted-access linked survey-administrative data. She started her career at the White House Council of Economic Advisers, where she focused on labor and health economics.
The odds of a recession have increased significantly following several weeks of dramatic government policy shifts. The housing market is relatively insulated from a downturn
Inflation in February came in lower than expected, but the monthly report is less promising under the hood. With the added impact of extensive new
A mildly disappointing February jobs report may lead to a small tick down on mortgage rates as investors price in expectations for future labor market
Mortgage rates fell to 6.64% on Tuesday as the U.S. imposed broad-based tariffs against Canada, Mexico and China. The new tariffs kicked off a trade
The combined value of U.S. homes climbed to $49.7 trillion in 2024. The total value of homes owned by millennials grew to nearly $10 trillion,
January’s inflation report came in hotter than expected, with the shelter category increasing 0.4%—up from 0.3% in recent months. While the overall shelter inflation component
The odds of a recession have increased significantly following several weeks of dramatic government policy shifts. The housing market is relatively insulated from a downturn
Inflation in February came in lower than expected, but the monthly report is less promising under the hood. With the added impact of extensive new
A mildly disappointing February jobs report may lead to a small tick down on mortgage rates as investors price in expectations for future labor market
Mortgage rates fell to 6.64% on Tuesday as the U.S. imposed broad-based tariffs against Canada, Mexico and China. The new tariffs kicked off a trade
The combined value of U.S. homes climbed to $49.7 trillion in 2024. The total value of homes owned by millennials grew to nearly $10 trillion,
January’s inflation report came in hotter than expected, with the shelter category increasing 0.4%—up from 0.3% in recent months. While the overall shelter inflation component