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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

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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Cutting Housing Costs When Financial Hardship Strikes

(0) Comments | Posted August 8, 2014 | 5:33 PM

In good economic times as well as in bad, financial hardship can always strike. And when it does, people might have to cut back on housing, which is typically the largest household expense. However, cutting housing costs involves hard tradeoffs: moving can be expensive and a hassle, and living with...

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The Recession's Lost Generation of Homeowners Isn't Millennials - It's the Middle-Aged

(0) Comments | Posted August 8, 2014 | 5:31 PM

The latest Census data shows homeownership is still falling for young adults, and the National Association of Realtors (NAR) reports that the share of first-time home-buyers is slipping. While the housing market is clearly improving, with four of the five key indicators of the housing recovery from our...

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Despite Home Price Slowdown, Wages Can't Keep Up With Prices

(0) Comments | Posted August 8, 2014 | 5:28 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 prices lead sales prices by...

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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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