Moody’s: Local US Governments Stable, but Pension Burden Swelling

While the S&P CoreLogic Case-Shiller National home price index ticked up only 0.05% for the month of March 2018 the index has indicated the US property market is stable and growing – with the index up over 6.5% compared year on year. ¹ This finding is further backed by recently released research from Moody’s - highlighting rising property values. Further to this the research suggests rising valuations are contributing to a stable US market, underpinned by reassuring levels of reserves and liquidity. However, the outlook is not all rosy given that the same research highlights a growing US pension burden - for which little solution of reconciliation has been presented to date. ²

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