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Jed Kolko
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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

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

(0) Comments | Posted November 18, 2014 | 12:35 PM

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 | 12:43 PM

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 | 1:20 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 | 1:31 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 | 3:20 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 | 1:25 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 | 3:46 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 | 1:15 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 | 6:28 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 | 5:54 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 | 1:04 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 | 6:47 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 | 6:33 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 | 6:31 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 | 6:28 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 | 12:47 PM

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 | 12:08 PM

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 27, 2014 | 12:43 AM

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 | 5:31 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 Trulia.com 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 | 5:35 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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