Young Americans left behind in post GFC recovery

Tuesday, 22 May 2018

The Federal Reserve Bank of New York (FRBNY) has released research examining “Home Prices, Housing Wealth and Home Equity Extraction”, which reveals that US home prices has finally rebounded above their pre-GFC peak:

Home ownership has returned to is long-run (lower) ‘normal’ level:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.