Jed leads Trulia’s housing research and provides insight on market trends and public policy to major media outlets including TIME magazine, CNN, and numerous others. Jed’s background includes a Ph.D. in Economics from Harvard University and more than 15 years of publications and research management in economic development, land use and housing policy, and consumer technology adoption.
Housing number of the week: 7%. That’s how undervalued home prices are relative to fundamentals and why we’re NOT in a housing bubble, according to Trulia’s new Bubble Watch. This is a rebound, not a bubble. Lots of people are worrying about a new bubble, but the facts say no:
Home prices today are rising nearly as fast as they did during the peak bubble years of 2005-2006. Since that bubble helped push us into the Great Recession, we should all be on high alert for the next housing bubble. To track whether home prices are in or nearing bubble territory, today we introduce Trulia’s [...]
Housing # of the week: 95. That’s how many of the 100 largest metros have rising prices, according to Trulia’s Price Monitor for April.
The Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of how asking prices and rents are trending nationally and locally. They adjust for the changing mix of listed homes and therefore show what’s really happening to asking prices and rents. Because asking prices lead sales prices by approximately two or [...]
Would you rather market or sell a newly-built home or a piece of local history? Across America today, you can find homes for sale that were built as long ago as the 19th century or as recently as yesterday. There’s no mistaking a 1920s Dutch colonial, a 1970s A-frame, or a 2000s home tricked out [...]
This week: blazing home sales-price growth, OK job growth, and a major housing-policy nomination. An OK jobs report, with some clouds:
Housing number of the week: 56%. That’s how far back to normal the market is, according to our monthly Barometer. Tight inventory held back existing home sales and but boosted new home sales:
Each month, Trulia’s Housing Barometer charts how quickly the housing market is moving back to “normal.” We summarize three key housing market indicators: construction starts (Census), existing home sales (NAR), and the delinquency-plus-foreclosure rate (LPS First Look). For each indicator, we compare this month’s data to (1) how bad the numbers got at their worst [...]
Spring house-hunting season is upon us. Home searches peak in March and April, and this year the search is especially frantic as inventory is near a 12-year low. Many homes don’t stay on the market for long, so buyers will have to move fast – especially in markets with bidding wars and competing investor activity. [...]
Housing number of the week: 52% — that’s how many people have regrets about their current home or how they chose it, according to Trulia’s quarterly survey of consumers. Top regrets: homeowners wish they’d bought bigger, and renters wish they’d bought, period.