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Jed Kolko
Dr. Jed Kolko is the Chief Economist at Trulia where he leads the company’s housing research and provides insights on market trends and public policy. Focusing on where the market is today and where it is headed tomorrow, Jed aims to shed light on how the future of real estate will evolve – from where people want to live to the types of homes that they want to live in, all the way down to the neighborhood amenities that are most important to them and their families. Additionally, in his role at the fastest growing online real estate resource, he also advises the development of Trulia Estimates and works to create new derivatives of Trulia’s data to help more consumers make smarter decisions about where they want to live.

Jed was formerly an associate director of research and research fellow at the Public Policy Institute of California. In this role, he published policy studies and academic articles on economic development, land use and housing policy, advised policymakers and business groups, and testified at public hearings. Previously, he was vice president and research director of Forrester Research’s market-research practice focusing on consumer technology adoption and demand. He has also worked at the Office of Federal Housing Enterprise Oversight (now known as the Federal Housing Finance Agency), the World Bank, and the Progressive Policy Institute. Jed earned his Ph.D in Economics and his A.B. in Social Studies from Harvard University.

Entries by Jed Kolko

Housing Recovery Shakes Off Early-Spring Slump, According to Trulia's Housing Barometer

(0) Comments | Posted June 27, 2014 | 11:47 AM

For the first time during the housing recovery, 4 out of 5 Housing Barometer measures are at least halfway back to normal. But young adults are still struggling to get jobs.

How We Track This Uneven Recovery

Since February 2012, Trulia's Housing Barometer has charted how quickly the housing...

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Millennials Are Suburbanizing, While Big Cities Are Having a Baby Boom

(0) Comments | Posted June 27, 2014 | 11:08 AM

Between 2012 and 2013, population growth for 20-34 year-olds was highest in Colorado Springs and San Antonio, while Austin and Raleigh were tops for 50-69 year-olds. But New York, Washington D.C., and Boston all had among the highest growth for 0-4 year-olds.

This week the Census released its 2013 population...

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Bubble Watch: Home Prices Still Undervalued, But Not For Much Longer

(0) Comments | Posted June 26, 2014 | 11:43 PM

Home prices now look 3% undervalued compared with long-term fundamentals. Of the 100 largest metros, 76 are undervalued while just 7 are more than 10% overvalued.

Trulia's Bubble Watch reveals whether home prices are overvalued or undervalued relative to their fundamental value by comparing prices today with historical prices,...

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International House Hunters Shifting from Vacation Areas to Urban Neighborhoods

(0) Comments | Posted June 20, 2014 | 4:31 PM

The top countries for foreign home searches in the U.S. are Canada, the United Kingdom, Germany, and Brazil.

Nationally, 4.0% of the home searches on between January and May 2014 came from outside the U.S. That's a slight decline from the same period last year, when foreign searches...

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Baby-Boomer Downsizing? Perhaps Not So Fast

(1) Comments | Posted June 13, 2014 | 4:35 PM

While the share of 50- to 69-year-olds living in multi-unit buildings rose slightly in 2012 and 2013, the long-term trend among older households shows downsizing getting rarer and happening later in life.

Throughout the recession and recovery, millennials have hogged the attention: they suffered a particularly bad recession, which delayed...

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Where Can The Middle Class Actually Afford To Buy Homes?

(3) Comments | Posted May 14, 2014 | 8:17 PM

Where can the middle class afford to buy a home today? Affordability has worsened in the past year, as home prices have climbed faster than incomes and mortgage rates have risen. But compared with the longer-term past, homeownership still looks relatively affordable: home prices are still undervalued and mortgage...

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The Housing Recovery Needs More Than Just Rising Prices

(0) Comments | Posted May 9, 2014 | 5:02 PM

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...

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Trulia: Jobs Report Has Bad News for Millennials, Good News for Hard-Hit Metros

(0) Comments | Posted May 2, 2014 | 5:09 PM

Trulia looks at three measures in the monthly jobs report to see whether housing is helping jobs and whether jobs are helping housing. Residential construction employment shows whether housing is helping jobs. Job growth for young adults (key age group for household formation) and job growth in "clobbered metros" (those...

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Why Conforming Loan Limits Should Be Part of Housing-Finance Reform -- But Aren't

(1) Comments | Posted April 29, 2014 | 1:56 PM

The U.S. housing finance system is national, but housing markets are local. Local markets often face different housing challenges: Today, California's coastal communities face an affordability crisis, while Florida is dealing with foreclosures and Detroit and other Midwestern cities are wrestling with neighborhoods of vacant homes. The...

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Asking Home Prices in Urban Neighborhoods Rising Faster Than in Suburbs

(0) Comments | Posted April 10, 2014 | 8:21 PM

From some angles, it looks like the housing recovery has brought an urban resurgence: for instance, the most urban counties are growing faster now than during the housing bubble, and many dense cities are having a boom in apartment construction. However, the most recent data show that asking prices in...

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Housing Barometer: Recovery Staggers Forward

(0) Comments | Posted March 27, 2014 | 7:45 PM

Trulia's Housing Barometer shows that 4 of the 5 key housing indicators improved over the past year: prices, the delinquency+foreclosure rate, non-distressed home sales, and young-adult employment are all in better shape than one year ago. However, despite improvement, young-adult employment still isn't halfway back to normal; neither is the...

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Bubble Watch: Local Worries, National Calm

(0) Comments | Posted March 27, 2014 | 7:34 PM

Trulia's Bubble Watch reveals whether home prices are overvalued or undervalued relative to their fundamental value by comparing prices today with historical prices, incomes, and rents. The more prices are overvalued relative to fundamentals, the closer we are to a housing bubble - and the bigger the risk of...

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How Special Are Million-Dollar Listings?

(9) Comments | Posted March 27, 2014 | 7:29 PM

Close your eyes and imagine a million-dollar home. Depending on where you live, you might be picturing the modest three-bedroom down the street, or you might be thinking of a sprawling mansion. You might even be drawing a blank if you live in a market where million-dollar homes are almost...

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America's Most Unequal Metros

(0) Comments | Posted March 13, 2014 | 7:05 PM

Income inequality has been growing in America, driven by technology, globalization and other factors. It's caused tensions between the haves and have-nots, which often get played out at the local level, and these tensions have erupted into fights over housing affordability and public services.

Are growing income gaps limited to...

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What The Home-Price Slowdown Really Looks Like

(0) Comments | Posted March 6, 2014 | 6:53 PM

The current slowdown of home prices has been sharpest in markets that crashed during the bust and bounced back last year. And although asking-price gains have been slowing since last spring, price increases remain high by historical standards.

The Trulia Price Monitor and the Trulia Rent Monitor are...

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Buying a Home Is 38 Percent Cheaper Than Renting -- But How Risky Is It?

(1) Comments | Posted February 26, 2014 | 12:57 PM

Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas. Rising mortgage rates and home prices have narrowed the gap over the past year, though rates have recently dropped and price gains are slowing. Now, at a 30-year fixed rate of 4.5%, buying is 38%...

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Will Winter Weather Wobble Housing?

(0) Comments | Posted February 21, 2014 | 4:34 PM

If January construction and home sales data - which come out this week and next - show declines, the "polar vortex" will be prime suspect #1. But how much did January's weather really affect housing? Last month, we showed that cold weather boosts online home searches, particularly for homes...

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The Rental Discount for Shacking Up

(0) Comments | Posted February 10, 2014 | 2:12 PM

It's Valentine's Day. Picture a romantic restaurant. Main course is finished. Lights are low. Your sweetheart leans over the table, and with a quiet voice, starts to speak. You prepare yourself for any possible conversation, playing each one out in your head. And then the question comes: "How much do...

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5 Truths About Housing Costs In Tech Hubs Like San Francisco

(0) Comments | Posted February 6, 2014 | 4:57 PM

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...

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4 Reasons Why Housing Wasn't an Issue in the State of the Union

(0) Comments | Posted January 29, 2014 | 10:07 AM

In tonight's speech, President Obama mentioned housing twice. First, at the start of the speech, he included the "rebounding housing market" as part of his victory lap. Second, he called on Congress to "send me legislation" that would protect taxpayers from paying for another housing crisis while keeping alive the...

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