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Consumer Finance

Report

LIFE Survey Report – April 2024

This report is part of a quarterly series that summarizes key observations from the LIFE Survey. In each report, we share data relating to employment status and concerns about working, income expectations, recent financial health and stability, and concerns about the future and personal outlook.

Historical Housing Prices Project

The Historical Housing Prices (HHP) Project is an interactive tool and data source for the price of housing across U.S. cities over the 20th century.

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Small Business Credit Survey: 2024 Insights from New Jersey, Pennsylvania, the Philadelphia Metro, and the Third District States

Four briefs offer a view into small business conditions in our region using data from the Fed’s Small Business Credit Survey.

Aruoba-Diebold-Scotti Business Conditions Index

An index designed to track real business conditions at high observation frequency

Macroeconomics

Article

What Explains the Great Resignation?

Economic Insights — It’s no surprise that quits rise in a tight labor market, but the scale of quits in 2021 came as a shock. We evaluate three explanations for what some call the Great Resignation.

Mortgage Markets

Working Paper

Paying Too Much? Borrower Sophistication and Overpayment in the U.S. Mortgage Market

WP 24-11 – Comparing mortgage rates that borrowers obtain to rates that lenders could offer for the same loan, the authors find that many homeowners significantly overpay for their mortgage, with overpayment varying across borrower types and with market interest rates.