KEY MARKET INDICATORS as of Sept 09, 2019 August Job Market Report This month’s job market data shows the extent of the slowdown in the economy since late-2018. The economy added 130,000 jobs on net in August, representing an year-over-year growth rate of 1.4%. That is 0.4 percentage point below the growth between September 2018 […]
Author Archive for: Tian.Liu
About Tian Liu
Tian Liu is the Chief Economist at Genworth Mortgage Insurance, responsible for tracking U.S. and regional economic trends. He also authors the company’s Weekly Economic Report, and provides regular updates on U.S. and regional economies, as well as the housing and mortgage market.
Mr. Liu began his economics career in the Australian Treasury Department in 1997. He started covering the U.S. housing market with Cemex in 2007, where he was the Director of Economics responsible for economics and housing market analysis supporting the senior management of Cemex U.S. operations. He was hired by Owens Corning to lead its economics team in 2011. Mr. Liu joined Genworth Mortgage Insurance as its Chief Economist in 2014.
Mr. Liu has a Masters in Economics from the University of Chicago and an undergraduate degree in Economics from the Australian National University. He resides in Raleigh, North Carolina, with his wife and two children.
Entries by Tian Liu
KEY MARKET INDICATORS as of Aug 27, 2019 Better Home Sales, But Homebuilders More Cautious This month’s housing data reflects the many cross currents in the economy. Lower mortgage rate is having a significant impact on housing affordability and is bolstering housing demand. Existing home sales reached its highest level since February, coming in at […]
KEY MARKET INDICATORS as of July 02, 2019 A Moderate Housing Rebound While the Federal Reserve left the short-term rate unchanged at its June meeting, the 30-year conventional mortgage rate has already reacted to the slowdown in the global economy and rising uncertainties, falling by a total of 120 basis points since last November. The […]
KEY MARKET INDICATORS as of June 17, 2019 May Job Market Report The U.S. job market disappointed in May, adding 75,000 jobs. Job growth for the previous two months were revised lower as well. For the year to date, job growth averaged 164,000 a month, which is well-below last year’s pace. This points to a slower […]
KEY MARKET INDICATORS as of June 03, 2019 Long-Term Interest Rates Lower Again Interest rates headed lower again last week. The yield on 10-year Treasuries fell by 20 basis points to 2.12%, while the 30-year conventional mortgage rates fell below 4% for the first time since January 2018. Increasingly, investors expect the Federal Reserve to […]
KEY MARKET INDICATORS as of May 29, 2019 April Housing Starts, Home Sales, Home Prices Interest rate on mortgages have fallen significantly since peaking in November at 4.87%. The 30-year conventional mortgage rate averaged 4.14% in April. The impact on home affordability is very large for homebuyers. A homebuyer who could afford the monthly payment […]
KEY MARKET INDICATORS as of Apr 29, 2019 March Housing Starts, Home Sales, Home Prices The housing market data released in the past two weeks provided mostly positive news about the market going into the home selling season. Both existing home sales and new home sales suggest that potential homebuyers are back in the market, […]
KEY MARKET INDICATORS as of April 16, 2019 Slower Home Price Growth – Case-Shiller Edition The slowdown in the housing market in the second half of 2018 saw many potential buyers staying on the sidelines. The remaining buyers had a wide selection of homes to choose from and more leverage over sellers. As a result, […]
KEY MARKET INDICATORS as of Apr 08, 2019 March Job Market Report The U.S. job market rebounded in March after a disappointing February, adding 196,000 jobs. In the first quarter, job growth averaged 180,000 a month, which is well-below last year’s pace, but similar to the pace of job growth in 2016 and 2017. The […]
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