Reports
Market research essays with the working shown
Long-form research from the desk. Every essay names its methods and its data, shows the parts that did not work, and carries a methods note that defends it.
Featured · Housing
Narrower mortgage spreads barely improved housing affordability
Mortgage spreads delivered most of the decline forecasters expected. A rising 10-year Treasury yield canceled the gain before borrowers received much relief.
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Housing · Credit channel
Housing's affordability strain excludes buyers before it forces owners to sell
The affordability measure has stayed above 40% longer than it did before 2008, yet few owners are underwater, foreclosure inventory is low, and forced supply remains scarce.
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Reports state results · methods notes defend them · every chart links to its benchmark series