The Center for Economic and Policy Research has released another report on the prospects for building home equity over the next four years, and much like their April report, their conclusions are not good for current home buyers hoping to build short-term equity. Despite the collapsing housing bubble and consequent fall in house prices in…
Tag: fundamentals
CEPR: Maintaining Ownership Makes No Sense
The Center for Economic and Policy Research came out with another great paper this month titled The Cost of Maintaining Ownership in the Current Crisis Here’s an excerpt from the summary (emphasis mine): The collapse of the bubble in the U.S. housing market is creating chaos in financial markets while throwing the economy into a…
Those Darn Fundamentals
This is a little redundant, but that’s why I’m posting it on a Saturday. It’s just a slightly different take on the economic fundamentals that allegedly drive the local housing market. Much of this data comes from the recently-released 2007 King County Annual Growth Report. You can get all these charts and the data behind…
Detailed Study of Land Use Regulations & Home Prices
The big local housing story today is a study that was released recently by University of Washington Economics professor Theo Eicher. The thrilling title of the study is “Municipal and Statewide Land Use Regulations and Housing Prices Across 250 Major US Cities,” and it may be found (along with a number of related materials) here….
More “Superstar” Nonsense from Lawrence Yun
Apparently the only necessarily qualification for becoming a “world class” or “superstar” city is to keep on repeating that it is so. That’s the message I’m getting from the latest quotes from the Realtor’s spokesman Lawrence Yun, anyway. Seattle-area home prices are manageable for typical workers, according to the chief economist for the National Association…