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.
In the monthly employment report for March, the Bureau of Labor Statistics (BLS) reported this morning that residential construction jobs increased 3.8% year-over-year. (We include both “residential building construction” and “residential specialty trade contractors” – here’s why.) That’s faster than the overall employment increase of 1.4% – reflecting that housing is now a critical part [...]
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 [...]
Housing number of the week: 53%. That’s how far back to “normal” the housing market is, according to Trulia’s monthly Housing Barometer.
Baseball’s 2013 season begins Sunday night, when the Texas Rangers go to Houston to take on the Astros. Most other teams kick off the season on Monday. To mark the annual start of America’s national pastime, we looked at home prices in the neighborhoods near major-league stadiums.
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 [...]
Housing number of the week: 44% That’s how much cheaper it is to buy than to rent, according Trulia’s Rent versus Buy report. This week: new data on construction starts, existing home sales, and inventory. Plus, fewer underwater borrowers. And, for weekend reading, a fierce debate over the growth and character of American cities. Construction, [...]
(and 10 places where the decision is a little harder) Buying a home is cheaper than renting in all of the 100 largest metro areas, but buying ranges from 19% cheaper than renting in San Francisco to 70% cheaper than renting in Detroit. The financial benefit of buying instead of renting is narrowest in San Francisco, Honolulu, San Jose, [...]
More signs that the housing market is moving back toward normal. Plus, updates on two key policy issues. Signs of recovery: rising rates, looser credit, and “boomerang” buyers:
This morning the U.S. Census released population estimates for 2012. Among large metros, Austin grew fastest in the past year:
On St. Patrick’s Day, everyone is Irish. But what about the rest of the year? Twenty-two million Americans — 7.2% of the population – say their “primary ancestry” is Irish, according to the Census’s American Community Survey. Another 13.5 million Americans claim at least some Irish ancestry, bringing the total to 35.5 million Americans — [...]