In 2021, US residential values increased by $6.9 trillion, almost entirely due to price appreciation Those gains went disproportionately to older, white, higher income households Capital gains on housing in 2021 were ten times larger
The NIMBYs made $6 trillion last year Read Post »
We shouldn’t expect the return of the trade-up buyer anytime soon. Is the American homebuyer increasingly stuck in a starter home? That’s the premise of a recent commentary from the Urban Institute “Do we have
Its apparent to almost everyone that the US has a growing housing affordability problem. And its generating more public attention and public policy discussions. Recent proposals to address housing affordability in California by Governor
Lessons in Supply and Demand: Housing Market Edition Read Post »
Just a few months ago we were being told—erroneously, in our view–that the McMansion was making a big comeback. Then, last week, there were a wave of stories lamenting the declining value of McMansions. Bloomberg
McMansions Fading Away? Read Post »
