Supply constraints do not explain house price, quantity growth across US cities
(nber.org)
The standard view of housing markets holds that the flexibility of local housing supply–shaped by factors like geography and regulation–strongly affects the response of house prices, house quantities and population to rising housing demand.
The standard view of housing markets holds that the flexibility of local housing supply–shaped by factors like geography and regulation–strongly affects the response of house prices, house quantities and population to rising housing demand.
1.1M Homeowners with Negative Equity in Q4 2024
(calculatedriskblog.com)
CoreLogic® ... today released the Homeowner Equity Report (HER) for the fourth quarter of 2024.
CoreLogic® ... today released the Homeowner Equity Report (HER) for the fourth quarter of 2024.
Asking rents skyrocket as LA fires destroy homes
(laist.com)
Rental housing prices in L.A. are spiking as historic fires burn in Southern California, forcing thousands of residents who’ve lost homes to scramble to find a new place to live.
Rental housing prices in L.A. are spiking as historic fires burn in Southern California, forcing thousands of residents who’ve lost homes to scramble to find a new place to live.
US housing market is mirroring 2008 bubble–real estate analyst
(newsweek.com)
The recent flood of new inventory in the U.S. housing market has brought the number of homes sitting vacant and waiting for a buyer close to levels seen only during the 2008 bubble, the real estate analyst Nick Gerli said.
The recent flood of new inventory in the U.S. housing market has brought the number of homes sitting vacant and waiting for a buyer close to levels seen only during the 2008 bubble, the real estate analyst Nick Gerli said.
The economy is going great, except for the housing market
(investopedia.com)
Amid a recent spate of data showing the economy humming along smoothly, one sector has consistently stayed out of whack and it’s a big one: housing.
Amid a recent spate of data showing the economy humming along smoothly, one sector has consistently stayed out of whack and it’s a big one: housing.
Why Owning (and Buying) a Florida Condo Has 'Turned into a Nightmare'
(nytimes.com)
Ten years ago, Howard and Sheila Konetz bought themselves a Florida dream: an 1,820-square-foot condo in a leafy gated community north of Miami, complete with access to a country club, tennis courts and swimming pools. The $478,500 purchase would usher them into blissful semiretirement, they thought. With enough cash in the bank, the couple didn’t need a mortgage and downsized from their house in Miami Beach.
Ten years ago, Howard and Sheila Konetz bought themselves a Florida dream: an 1,820-square-foot condo in a leafy gated community north of Miami, complete with access to a country club, tennis courts and swimming pools. The $478,500 purchase would usher them into blissful semiretirement, they thought. With enough cash in the bank, the couple didn’t need a mortgage and downsized from their house in Miami Beach.