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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

Urban Headwinds, Suburban Tailwinds

(0) Comments | Posted February 11, 2015 | 9:38 AM

Although home prices are rising faster in urban neighborhoods, population is growing faster in suburban neighborhoods. Consumer preferences and the aging of the population are tailwinds for suburban growth; so are falling oil prices if they stay low long-term.

How fast have cities and suburbs grown recently? During last decade's...

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Where the Spring Housing Season Starts Early

(0) Comments | Posted February 5, 2015 | 11:54 AM

In January and February, the housing market is in full bloom in Florida and Arizona. But upstate New York, New England, and some Pacific markets blossom later.

Nationally, the spring housing seasons kicks off in March and stays strong into August before going into its winter lull. But the seasonality...

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Housing Barometer: Improvement In All Fronts In 2014

(1) Comments | Posted January 15, 2015 | 11:43 AM

All five measures of the Housing Barometer improved over the past year. The indicator that the recovery now most depends on--young-adult employment--made the largest leap, but is still not quite halfway back to normal.

How We Track This Uneven Recovery

Since February 2012, Trulia's Housing Barometer has...

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Bubble Watch: Home Prices Still 2% Undervalued And Slowing Toward Smooth Landing

(1) Comments | Posted January 14, 2015 | 12:16 PM

Relative to fundamentals, home prices nationally looked 2% undervalued in the fourth quarter of 2014. Home prices in 70 of the 100 largest metros are less than 10% over- or undervalued. That's the highest number of markets close to local long-term fundamentals since the recovery began, and a sign that...

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What Falling Oil Prices Mean For Home Prices

(0) Comments | Posted January 9, 2015 | 9:39 AM

The recent plunge in oil prices could cause home prices to slip in the oil-producing markets of Texas, Oklahoma, Louisiana, and elsewhere. But it typically takes two years for oil prices to fully affect home prices in those markets. At the same time, lower oil prices could boost home values...

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White Christmas Is Rare - But at Least It's Affordable

(0) Comments | Posted December 18, 2014 | 6:00 PM

Eighty-one percent of Americans live in counties where Christmas probably won't be white. Among large metros, snowfall or snow cover on Christmas is most likely in Minneapolis-St. Paul, Buffalo, and Syracuse.

Dreaming of a white Christmas? Keep dreaming. For most Americans, chances aren't great for Christmastime snow....

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Housing's Millennial Mismatch

(0) Comments | Posted December 10, 2014 | 5:35 PM

The Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of housing price and rent trends nationally and locally. They adjust for the changing mix of listed homes and show what's really happening to asking prices and rents. Asking prices lead sales prices...

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Housing in 2015: Consumers Upbeat, but Recovery Faces a Tricky Handoff

(0) Comments | Posted December 4, 2014 | 3:01 PM

Consumers think 2015 will be a better year than 2014, especially for selling a home. But the recovery will slow as the rebound effect fades before fundamentals become strong. Key markets to watch are in the Northeast, South, and West.

What does 2015 have in store for the housing market?...

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Where Is Homeownership Within Reach Of The Middle Class And Millennials?

(0) Comments | Posted November 18, 2014 | 11:35 AM

Despite high household incomes, San Francisco is the least affordable metro, with just 15% of homes within reach of the middle class. Affordability has deteriorated over the past year in Austin and Miami. The most affordable markets are near the Great Lakes.

Where can the middle class bear the...

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Where Veterans Live

(1) Comments | Posted November 11, 2014 | 11:43 AM

Veterans tend to live in affordable smaller metros and rural areas, near military bases, and in places with fewer immigrants. Among the largest 100 metros, Colorado Springs and Virginia Beach have the highest concentration of veterans, while Miami, New York, and Los Angeles have the lowest.

Roughly 1 in...

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Blue Markets Face Bigger Housing Challenges Than Red Markets

(0) Comments | Posted October 27, 2014 | 12:20 PM

The housing crisis hurt Democratic- and Republican-leaning markets similarly, but today blue markets have lower affordability, lower homeownership, and greater income inequality.

As Election Day 2014 approaches, we see sharp differences in local housing markets depending on whether they are blue or red. As the political urgency of the housing...

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Condo Prices and Apartment Rents Outpacing Single-Family Home Costs

(0) Comments | Posted October 9, 2014 | 12:31 PM

Asking prices rose 7.3% year-over-year for condos versus 6.0% for single-family homes. Condo prices are up more than 15% in Miami, Denver, and West Palm Beach.

The Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of housing price and rent trends nationally and locally. They adjust for...

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Housing Barometer: Recovery Continues, But Virtuous Cycle Not So Saintly

(0) Comments | Posted October 1, 2014 | 2:20 PM

Three out of five Housing Barometer measures are getting close to normal. But the two measures that hitch housing to the broader economy are still struggling, so the job market and housing market aren't helping each other as they should.

How We Track This Uneven Recovery

Since February 2012,

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Bubble Watch: Home Prices 3% Undervalued, With Few Metros Bubbling Up

(0) Comments | Posted October 1, 2014 | 12:25 PM

Home prices now look 3% undervalued measured by long-term fundamentals. Just 7 of the 100 largest metros are more than 10% overvalued.

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

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Are We Building Too Many Single-Family Homes?

(1) Comments | Posted September 19, 2014 | 2:46 PM

The vacancy rate for single-family homes increased in 2013 and remains well above bubble and pre-bubble levels.

What? Too much new single-family construction? It sounds hard to believe, with only 618,000 single-family housing starts in 2013, heading toward 622,000 in 2014 - far below the pre-bubble average of...

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More Millennials Leave Parental Nest, Without Lifting Housing Market

(0) Comments | Posted September 19, 2014 | 12:15 PM

Although slightly fewer young adults are living in their parents' homes, don't get too excited. Fewer are heading their own households, and the true young adult homeownership rate slipped in 2014.

This week, the Census Bureau released 2014 data that show whether Americans own, rent, or live under someone else's...

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Where Americans Are Moving

(1) Comments | Posted September 12, 2014 | 5:28 PM

Three times as many people moved from Los Angeles to Houston, and from New York to West Palm Beach, as the other way around. Most movers are toward counties with lower density, lower unemployment, and cheaper housing.

Last week, the Census released new data on how many people moved between counties...

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House Hunters Head for the Hills After Labor Day

(0) Comments | Posted September 5, 2014 | 4:54 PM

Labor Day marks the end of summer - and the end of the traditional house-hunting season. Based on properties viewed on the Trulia website for the full years of 2011-2013, home search activity jumps in March, stays high through summer, and then falls below the annual average in September...

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Where 'Back-to-School' Means Private School

(0) Comments | Posted August 19, 2014 | 12:04 PM

One way or another, good schools cost money. Private school tuition can easily exceed monthly housing costs, but home prices in top-rated public school districts are 32% above the local average.

More than two-thirds of adults with children under 12 say that the neighborhood school district is among the most...

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Home Price Gains Now Driven More By Jobs Than By Rebound Effect

(0) Comments | Posted August 8, 2014 | 5:47 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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