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Richard Green is a professor in the Sol Price School of Public Policy and the Marshall School of Business at the University of Southern California. This blog will feature commentary on the current state of housing, commercial real estate, mortgage finance, and urban development around the world. It may also at times have ruminations about graduate business education.
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2008
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September
(29)
- A quote from Tony Blair's last day as PM
- Coleman, Lacour-Little and Vandell argue that hous...
- LA House Prices again
- The Fannie/Freddie Conservatorship seems to be wor...
- Can't anyone play this game?
- Is Lincoln Forecasting its own Demise?
- Note to Self: Always listen to Warren Buffett
- A readers asks where to get data about Fannie Mae ...
- Full Disclosure
- Morris Davis writes to me
- Charles Calomiris and Peter Wallison blame Fannie ...
- Could we please stop saying that it was the hybrid...
- Demanding some Accountability is not Partisan Squa...
- How big could a new RTC be to remain comparable to...
- Degrees of Freedom
- Are we at the Bottom in SoCal?
- I should write something about Lehman...
- If not a hybrid, then what?
- The Power of Simplicity
- Megan McArdle doesn't like fixed rate mortgages.
- Paul Soglin has a blog
- Elitism
- Lifted from Comments: Scott corrects my History
- Just wondering
- What has been the real benefit of Fannie and Freddie?
- Why I will never vote for a candidate who thinks c...
- A new paper from Francois Ortalo-Magne and Morris ...
- Mattresses and Mortgages
- Is it a bottom? Or just one strange month?
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September
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2 comments:
So nominal housing prices have risen at an annualized 3.3% rate since 1987. And the CPI has increased at an annualized rate of 3.1% between August 1987 and August 2008. So over that 21-year period, real housing prices have increased by 4.3%. In total. Or...real housing prices are (roughly) unchanged over the past 21 years. So maybe the current level of housing prices isn't all that far out of line? Or, if they are way too high, then they were also way too high in 1987?
Fears have grown for house owners and estate agent as house prices are again falling. Suring August we have seem the lowest slump of new mortgages for quite a while. Estate agents have reported that even potential buyers are performing a wait and see procedure as the government to announce its intentions over stamp duty after intense speculation that it could be scrapped for a time to boost the housing market.Ultimatley seen a 15% slump in prices this year and it is set to continue with a 12% slump for next year.
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geovani
Internet Marketing
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