The F.I.R.E. Report

from the Finance, Insurance and Real Estate Committee of the Mansfield Area Chamber of Commerce

October 2022

Will Home Prices Decline?

This month, I’d like to address the burning question on everyone’s mind: Are home prices going down in DFW? To start, the immediate answer to that question is NO! Year over year, home prices are currently NOT going down in DFW. Will they start to decline soon? While no one knows the future, and anything is possible, the chances of a price decline in DFW are very slim. Let me show you why.

The Fed Cannot Do It Alone

Does anyone now doubt the US Federal Reserve is serious about quelling inflation? In case you missed it, the central bank raised its key Fed Funds rate by another 75 basis points last month. And Chairman Powell and his cohorts have promised more shock and awe ahead, should inflation gauges exceed targets.

Commercial Real Estate Is Slowing Down in Q3 2022

After the strong rebound for the U.S. economy in 2021, growth in 2022 has slowed in the face of rising inflation, the household income squeeze, and geopolitical events. While the economy continues to deal with elevated inflation, data shows a slowdown in the growth of commercial real estate.

Technical Possibilities for a U.S. Central Bank Digital Currency | The White House

By Dr. Alondra Nelson, head of the White House Office of Science and Technology Policy Alexander Macgillivray, Principal Deputy United States Chief Technology Officer Nik Marda, Policy Advisor President Biden often summarizes his vision for America in one word: Possibilities. A "digital dollar" may seem far-fetched, but modern technology could make it a real possibility....

'This is serious': JPMorgan's Jamie Dimon warns U.S. likely to tip into recession in 6 to 9 months

JPMorgan Chase CEO Jamie Dimon warned that a "very, very serious" mix of headwinds was likely to tip both the U.S. and global economy into recession.

Florida's insurance rates have almost doubled over five years, yet insurance companies are still losing money --- and the reason is more insidious than hurricanes

Hurricane risk might seem like the obvious problem, but there is a more insidious driver in this financial train wreck. Finance professor Shahid Hamid, who directs the Laboratory for Insurance at Florida International University, explained how Florida's insurance market got this bad - and how the state's insurer of last resort, Citizens Property Insurance, now carrying more than 1 million policies, can weather the storm.

Fed hikes interest rate 0.75 percentage point to tame inflation, and sees aggressive increases ahead. What's it mean for you?

WASHINGTON - The Federal Reserve barreled ahead with a third straight outsize interest rate hike Wednesday in an effort to squash high inflation - but economists worry the campaign is increasingly risking a recession by next year.

Social Security's cost-of-living increase for 2023 would be largest in 40 years. Here's what that means for benefits

Social Security beneficiaries who are struggling with high prices may get welcome news when the cost-of-living adjustment for 2023 is announced.

Our Company | Contact Us | FAQs | Privacy Policy