Tag: interest rates
![Couple at a car dealership](https://crr.bc.edu/wp-content/uploads/2024/04/care-dealership-photo.png)
The recession that economists predicted has never materialized. Unemployment has been under 4 percent for more than two years, a low more characteristic of the go-go 1960s than modern times. But although consumer sentiment, as measured by the University of Michigan’s monthly survey, is improving, it is still mired in the same territory that it…
![A small house](https://crr.bc.edu/wp-content/uploads/2021/04/home-equity.jpg)
The housing market has shrugged off the pandemic, and home prices are rising sharply due to historically low interest rates. The market crash more than a decade ago is a distant memory. The total value of the equity in older Americans’ homes has doubled since 2010, hitting $8.05 trillion at the end of last year…