The document provides an economic outlook and perspectives for 2020 from Patrick F. Stone. It notes that while the current economic expansion is the longest in history, there are some concerns, including a slowdown in manufacturing and business spending. However, households are still spending. It predicts stabilization in GDP growth around 2% for 2020-2022 if trade wars are resolved and uncertainties decrease. It acknowledges risks from a global slowdown, rising rates, and high debt levels, but argues a recession is not imminent provided uncertainties do not increase substantially. It provides statistics and analysis on key economic indicators to support its perspectives.

1. PATRICK F. STONE
EXECUTIVE CHAIRMAN & FOUNDER
WFG NATIONAL TITLE INSURANCE CO
WILLISTON FINANCIAL GROUP
ECONOMIC & INDUSTRY
PERSPECTIVES &THE FUTURE
CLACKAMAS, OR
February 7, 2020

2. 2
LONGEST EXPANSION IN HISTORY
BUT
• MANUFACTURING HAS SLOWED DOWN
• BUSINESS SPENDING CONTRACTING
• JOB OPENINGS DECLINING?
• INTERNATIONAL HEALTH CONCERNS
HOWEVER
• HOUSEHOLDS STILL SPENDING
• FED HAS LOWERED RATES
• GLOBAL CONTRACTION HAS PAUSED/MAYBEA PICKUP IN EUROPE?
INTHE BALANCE
• TRADEWAR
• AGRIBUSINESS
• EM GROWTH
STABLILIZATION WITH A SMALL “S”
• Q3 GDP +2.1 Q4 GDP 2.1 2020 - 2.0 2021 - 1.9 2022 - 1.8
• EUROPE
• CHINA HIGH GDP GROWTHAROUND 6% IN 2019 2020 - 5.6
• 2020OKAY DEPENDING ON…
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 2

3. 3
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
Source: BEA
3
Q4 2019
+2.1%
NEXT RELEASE: 03/06/2020

4. 4
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
Source: WALL ST JOURNAL
4

5. 5
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
Source: CONGRESSIONAL BUDGET OFFICE
5

6. 6
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
6
Source: BLS
U.S. UNEMPLOYMENT

7. 7
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
7

8. 8
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 8Source: WALL ST. JOURNAL

9. 9
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 9
Source: FEDERAL RESERVE

10. 10
FEBRUARY 6, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF WEST 10
HOMEOWNERS EQUITY
ABOVE PRE-CRISIS LEVELS

11. 11
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 11
SOURCES: UNIVERSITY OF MICHIGAN, CONFERENCE BOARD

12. 12
WHAT SHOULD WE BE
WORRIED ABOUT?
FEBRUARY 7, 2020 12ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST

13. 13
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 13Source: WALL ST JOURNAL

14. 14
POTENTIALTO CAUSE A RECESSION
• TRADEWAR
• GLOBAL SLOWDOWN
• RISING INTEREST RATES
• DEBTWALL
WHY GROWTH WILL BE SLOWER INTHE
NEXTTWELVE MONTHS
• IMPACT FROMTARIFFS
• DROP OFF IN CORPORATE EARNINGS
• CORPORATE DEBT BUBBLE
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 14

15. 15
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 15Source: POLICYUNCERTAINTY.COM
193.18
DEC

16. 16
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 16Source: POLICYUNCERTAINTY.COM

17. 17
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 17

18. 18
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 18
Source: WALL ST. JOURNAL

19. 19
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 19

20. 20
FEBRUARY 6, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF WEST
20SOURCE: MARKETWATCH

21. 21
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 21
Source: WALL ST. JOURNAL

22. 22
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 22
Source: WALL ST. JOURNAL

23. 23
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 23Source: WALL ST. JOURNAL

24. 24
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 24Source: WALL ST. JOURNAL

25. 25
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
25
Source: MERRILL LYNCH

26. 26
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 26

27. 27
FEBRUARY 7, 2020 27
Source: WALL ST. JOURNAL
ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST

28. 28
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 28Source: BLOOMBERG

29. 29
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
29
Source: WALL ST. JOURNAL

30. 30
WILL INTEREST
RATES RISE?
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 30

31. 31
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 31
Source: WSJ

32. 32
FEBRUARY 7, 2020 32
Source: WALL ST. JOURNAL
ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST

33. 33
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 33
Source: WALL ST. JOURNAL

34. 34
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 34

35. 35
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 35
Source: WALL ST JOURNAL

36. 36
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 36Source: WALL ST. JOURNAL

37. 37
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 37Source: WALL ST. JOURNAL

38. 38
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 38Source: WALL ST. JOURNAL

39. 39
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 39
Source: WALL ST. JOURNAL

40. 40
IS A RECESSION
IMMINENT?
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 40

41. 41
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 41
Source: OREGON LIVE

42. 42
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 42
Source: QUALITY INFO.ORG

43. 43
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 43
Source: OREGON LIVE

44. 44
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 44
Source: OREGON LIVE

45. 45
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 45
Source: WALL ST JOURNAL

46. 46
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 46Source: WALL ST JOURNAL

47. 47
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 47
Source: WALL ST JOURNAL

48. 48
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 48Source: WALL ST. JOURNAL

49. 49
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 49
Source: TRADING ECONOMICS
China’s industrial output, change from a year earlier

50. 50
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 50
Source: WALL ST JOURNAL

51. 51
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
51
Source: MERRILL LYNCH

52. 52
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 52Source: WALL ST. JOURNAL
China’s Birth Rate Falls to New Low,Threatening Economy
A smaller working-age population can reduce productivity while raising costs
for labor and health care

53. 53
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 53Source: THE ECONOMIST
43
DEC 2019

54. 54
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 54Source: FACTSET

55. 55
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 55
Source: WALL ST. JOURNAL

56. 56
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 56
Source: WALL ST JOURNAL

57. 57
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 57
Source: NEW YORK TIMES

58. 58
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 58Source: GOLDMAN SACHS

59. 59
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 59
Composite PMI: U.S. vs. Eurozone

60. 60
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 60
Source: NFIB

61. 61
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 61

62. 62
DEBT
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 62

63. 63
FEBRUARY 6, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF WEST 63
Source: OREGON LIVE/GO COMICS

64. 64
FEBRUARY 6, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF WEST 64Source: CONGRESSIONAL BUDGET OFFICE

65. 65
FEBRUARY 6, 2020
65
Source: FRED
ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF WEST

66. 66
FEBRUARY 7, 2020 66ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST

67. 67
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 67Source: WALL ST JOURNAL

68. 68
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 68
Source: CONGRESSIONAL BUDGET OFFICE

69. 69
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 69
Source: WALL ST. JOURNAL

70. 70
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 70Source: WALL ST JOURNAL

71. 71
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 71

72. 72
FEBRUARY 7, 2020 72
SOURCE: IMF
ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST

73. 73
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 73
Source: WALL ST. JOURNAL

74. 74
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 74
Source: WALL ST. JOURNAL

75. 75
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 75Source: WALL ST JOURNAL

76. 76
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 76

77. 77
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 77
Source: WALL ST. JOURNAL

78. 78
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 78
SOURCE: JP MORGAN

79. 79
FEBRUARY 7, 2020
79
Source: BLOOMBERG
ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST

80. 80
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 80
Source: WALL ST JOURNAL

81. 81
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 81
Source: WALL ST JOURNAL

82. 82
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 82Source: WALL ST. JOURNAL

83. 83
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 83
Source: GOLDMAN SACHS

84. 84
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 84
Source: GOLDMAN SACHS

85. 85
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 85Source: WALL ST. JOURNAL

86. 86
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 86
Source: GOLDMAN SACHS

87. 87
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 87
Source: GOLDMAN SACHS

88. 88
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 88Source: WALL ST. JOURNAL

89. 89
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 89Source: WALL ST. JOURNAL

90. 90
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 90
SOURCE: WALL ST JOURNAL

91. 91
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 91Source: WALL ST JOURNAL

92. 92
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 92

93. 93
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 93Source: BLOOMBERG

94. 94
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 94
Source: WALL ST JOURNAL

95. 95
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 95Source: WALL ST JOURNAL

96. 96
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 96

97. 97
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 97
Source: WALL ST JOURNAL

98. 98
LONGTERM CONCERNS
• IMPACT OF SLOWDOWN IN CHINA
• EUROPEAN COHESION
• MORTGAGE FINANCE SYSTEM
• DEFICIT SPENDING
• INCOME INEQUALITY
• COST OF HEALTHCARE
• EMERGING MARKETS
• CLIMATE CHANGE
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 98

99. 99
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 99
Source: WALL ST. JOURNAL

100. 100
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 100
SOURCE: WSJ

101. 101
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 101
SOURCE: THE ECONOMIST

102. 102
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 102Source: WALL ST JOURNAL

103. 103
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 103
Source: WALL ST. JOURNAL

104. 104
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 104
Source: WALL ST. JOURNAL

105. 105
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 105Source: NATIONAL MORTGAGE NEWS

106. 106
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 106Source: NATIONAL MORTGAGE NEWS

107. 107
FEBRUARY 7, 2020 107
SOURCE: NYTIMES
ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST

108. 108
FEBRUARY 7, 2020 108
Source: WALL ST JOURNAL
ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST

109. 109
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 109Source: NEW YORK TIMES

110. 110
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 110
SOURCE: THE ECONOMIST

111. 111
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 111
SOURCE: NYT

112. 112
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 112
Source: WALL ST JOURNAL

113. 113
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 113
Source: THE NEW YORK TIMES

114. 114
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 114Source: BEA.GOV

115. 115
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 115
Source: WALL ST JOURNAL

116. 116
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 116
Source: NEW YORK TIMES

117. 117
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 117
Source: WALL ST. JOURNAL

118. 118
FEBRUARY 7, 2020 118ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST

119. 119
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 119Source: WALL ST. JOURNAL

120. 120
HOUSING
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 120

121. 121
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 121
Source: WALL ST. JOURNAL

122. 122
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 122
SOURCE: KANSAS CITY FED RESEARCH

123. 123
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 123
SOURCE: BEA.GOV

124. 124
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 124
Source: US CENSUS BUREAU

125. 125
FEBRUARY 7, 2020 125
Q1 HOMEOWNERSHIP RATE: 65.1%
Source: US CENSUS BUREAU, HOME VACANCY SURVEY
Next Release: APRIL 28 , 2020
ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST

126. 126
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
126
Source: HARVARD UNIVERSITY JCHS

127. 127
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 127
Source: WALL ST JOURNAL

128. 128
FEBRUARY 7, 2020 128
Source: MBA
ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST

129. 129
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 129
SOURCE: WSJ

130. 130
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
130
Source: REALTOR.COM

131. 131
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 131
Source: WALL ST. JOURNAL

132. 132
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 132Source: NAR

133. 133
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 133Source: NAR

134. 134
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 134Source: NAR

135. 135
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 135
Source: NATIONAL MORTGAGE NEWS

136. 136
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 136
Source: GREEN STREET ADVISORS

137. 137
FEBRUARY 7, 2020 137
Source: GOLDMAN SACHS
ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST

138. 138
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 138
Source: NEW YORK TIMES

139. 139
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 139
Source: NEW YORK TIMES

140. 140
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 140

141. 141
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 141
Source: NATIONAL ASSOCIATION OF REALTORS

142. 142
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 142
Source: MBA

143. 143
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 143
Source: WALL ST JOURNAL

144. 144
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 144
Source: US CENSUS, MBA

145. 145
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 145
Source: MBA

146. 146
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 146
Source: NEW YORK TIMES

147. 147
NAR 2019 2020
TOTAL HOME SALES 6040 6310
30YR FIXED RATE MTG 4.0 3.8
MBA
TOTAL HOME SALES 6090 6260
30YR FIXED RATE MTG 3.6 3.7
FANNIE MAE
TOTAL HOME SALES 6012 6061
30YR FIXED RATE MTG 3.9 3.6
FREDDIE MAC
TOTAL HOME SALES 5980 6030
30YR FIXED RATE MTG 4.0 3.8
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 147
PREDICTIONS

148. 148
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
148
OREGON

149. 149
FEBRUARY 7, 2020 149
Source: EXPERIAN.COM
ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST

150. 150
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 150
Source: NAR

151. 151
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 151
Source: NAR

152. 152
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 152
Source: BLS

153. 153
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
153
Source: NAR

154. 154
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
154
Source: PORTLAND STATE UNIVERSITY

155. 155
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
155
Source: OREGON.GOV

156. 156
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 156

157. 157
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 157
Source: JOHN BURNS

158. 158
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
158
Source: OREGON.GOV

159. 159
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
159
Source: PORTLAND STATE UNIVERSITY

160. 160
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 160

161. 161
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 161
Source: OREGON.GOV

162. 162
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 162
Source: THE OREGONIAN

163. 163
1. CROOK 3.4 %
2. DESCHUTES 2.8
3. JEFFERSON 2.1
4. LINN 1.9
5. POLK 1.8
6. MARION 1.7
7. CLATSOP 1.6
8. GILLIAM 1.6
9. MORROW 1.4
10. YAMHILL 1.4
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 163
OREGON’S FASTEST GROWING COUNTIES
APRIL 2019
1. DESCHUTES 3.3 %
2. CROOK 2.7
3. WASHINGTON 1.7
4. JEFFERSON 1.6
5. CLACKAMAS 1.6
6. MARION 1.4
7. POLK 1.4
8. MULTNOMAH 1.3
9. LINN 1.3
10. LANE 1.2
NOVEMBER 2018

164. 164
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
164
Source: OREGON.GOV

165. 165
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 165
Source: PORTLAND STATE UNIVERSITY

166. 166
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 166
Source: OREGON.GOV

167. 167
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 167
Source: OREGON.GOV

168. 168
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
168
Source: OREGON.GOV

169. 169
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
Source: WORLDPOPULATIONREVIEW.COM
169
Source: US Census 2018 ACS 5-Year Survey (Table S1101)

170. 170
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
170
Source: OREGONECONOMICANALYSIS.COM

171. 171
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
171
Source: OREGONECONOMICANALYSIS.COM

172. 172
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
172
Source: COLLATERAL ANALYTICS
Portland CBSA New Residential Building Permits

173. 173
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
173
Source: COLLATERAL ANALYTICS

174. 174
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
174
Source: COLLATERAL ANALYTICS

175. 175
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
175
Source: COLLATERAL ANALYTICS

176. 176
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
176
Source: COLLATERAL ANALYTICS
FOR ADDITIONAL CITIES, PLEASE VISIT OUR WEBSITE AT
https://national.wfgnationaltitle.com/market-data/

177. 177
MEDIAN
SALES PRICE
MEDIAN
HOUSEHOLD
INCOME
INDEX
CLACKAMAS
COUNTY
$ 451,258 $ 72,408 6.23
MULTNOMAH
COUNTY
$ 423,000 $ 71,186 5.94
WASHINGTON
COUNTY
$427,009 $83,068 5.14
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 177
Source: ZILLOW, US CENSUS, DEPT OF NUMBERS

178. 178
MEDIAN
SALES PRICE
MEDIAN
HOUSEHOLD
INCOME
INDEX
GRESHAM $441,000 $52,303 8.43
MILWAUKIE $ 377,000 $ 63,421 5.94
OREGON CITY $ 420,000 $ 71,856 5.85
HAPPYVALLEY $524,200 $124,968 4.19
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 178
Source: ZILLOW, US CENSUS, DEPT OF NUMBERS

179. 179
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
Source: OREGON LIVE
179
JANUARY 2020
253.80 - Seattle
240.20 - Portland
212.56 - National
Source: Oregon Live, Case Shiller
Publish Date: January 28, 2020

180. 180
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST
180
Source: COLLATERAL ANALYTICS

181. 181
FEBRUARY 7, 2020 ECONOMIC PERSPECTIVES 2020 - WFG KICK-OFF EAST 181
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YOU