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Jed Kolko

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

Jed Kolko | Posted 12.18.2014 | Business
Jed Kolko

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

Housing's Millennial Mismatch

Jed Kolko | Posted 12.10.2014 | Business
Jed Kolko

Prices might be rising more slowly in millennials' favorite metros. But affordability is nonetheless a big challenge in those markets.

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

Jed Kolko | Posted 12.04.2014 | Business
Jed Kolko

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.

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

Jed Kolko | Posted 11.18.2014 | Business
Jed Kolko

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 Veterans Live

Jed Kolko | Posted 11.11.2014 | Business
Jed Kolko

Veterans tend to live in affordable smaller metros and rural areas, near military bases, and in places with fewer immigrants. Among the largest 100 me...

Blue Markets Face Bigger Housing Challenges Than Red Markets

Jed Kolko | Posted 10.28.2014 | Business
Jed Kolko

Because blue markets are less affordable, have lower homeownership, and have greater income inequality, political leaders in Democratic-leaning and Republican-leaning metros may push for different policies.

Condo Prices and Apartment Rents Outpacing Single-Family Home Costs

Jed Kolko | Posted 12.09.2014 | Business
Jed Kolko

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 Pa...

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

Jed Kolko | Posted 12.01.2014 | Business
Jed Kolko

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.

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

Jed Kolko | Posted 12.01.2014 | Business
Jed Kolko

Bubble watching is as much an art as a science because there's no definitive measure of fundamental value.

Are We Building Too Many Single-Family Homes?

Jed Kolko | Posted 11.19.2014 | Business
Jed Kolko

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

More Millennials Leave Parental Nest, Without Lifting Housing Market

Jed Kolko | Posted 11.19.2014 | Business
Jed Kolko

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.

Where Americans are Moving

Jed Kolko | Posted 11.12.2014 | Business
Jed Kolko

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.

Cutting Housing Costs When Financial Hardship Strikes

Jed Kolko | Posted 10.08.2014 | HuffPost Home
Jed Kolko

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.

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

Jed Kolko | Posted 10.08.2014 | Business
Jed Kolko

While the housing market is clearly improving, with four of the five key indicators of the housing recovery from our Housing Barometer at least halfway back to normal, it looks like the recovery is happening even without much improvement in first-time homeownership. Does that mean the housing recovery isn't for real? Not so fast.

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

Jed Kolko | Posted 10.08.2014 | Business
Jed Kolko

Aside from two inland California housing markets, Riverside-San Bernardino and Bakersfield, the top 10 metros with the biggest year-over-year price gains are in the South and Midwest.

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

Jed Kolko | Posted 08.27.2014 | Business
Jed Kolko

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.

Where Can The Middle Class Actually Afford To Buy Homes?

Jed Kolko | Posted 07.14.2014 | Business
Jed Kolko

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:

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

Jed Kolko | Posted 07.02.2014 | Business
Jed Kolko

Overall: a solid report for housing. Job growth in clobbered metros is especially good news for housing demand but the drop in young-adult employment is a red flag.

Asking Home Prices in Urban Neighborhoods Rising Faster Than in Suburbs

Jed Kolko | Posted 06.10.2014 | Business
Jed Kolko

From some angles, it looks like the housing recovery has brought an urban resurgence: for instance, the most urban counties are growing faster now tha...

Housing Barometer: Recovery Staggers Forward

Jed Kolko | Posted 05.27.2014 | Business
Jed Kolko

Trulia's Housing Barometer shows that 4 of the 5 key housing indicators improved over the past year: prices, the delinquency+foreclosure rate, non-dis...

America's Most Unequal Metros

Jed Kolko | Posted 05.13.2014 | Business
Jed Kolko

Income inequality has been growing in America, driven by technology, globalization and other factors. It's caused tensions between the haves and have-...

What The Home-Price Slowdown Really Looks Like

Jed Kolko | Posted 05.06.2014 | Business
Jed Kolko

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 ga...

Why Is Everyone Leaving California? It's Not What You Think.

Aaron Sankin | Posted 02.20.2013 | San Francisco

No one lives in California anymore, it's too popular. That's essentially the thrust of a recent blog post by Jed Kolko, chief economist at real es...