In 2021, US residential values increased by $6.9 trillion, almost entirely due to price appreciation Those gains went disproportionately to older, white, higher income households Capital gains on housing in 2021 were ten times larger than the total income of…
We shouldn’t expect the return of the trade-up buyer anytime soon. Is the American homebuyer increasingly stuck in a starter home? That’s the premise of a recent commentary from the Urban Institute “Do we have a generation stuck in starter…
Its apparent to almost everyone that the US has a growing housing affordability problem. And its generating more public attention and public policy discussions. Recent proposals to address housing affordability in California by Governor Jerry Brown and in New…
Just a few months ago we were being told—erroneously, in our view–that the McMansion was making a big comeback. Then, last week, there were a wave of stories lamenting the declining value of McMansions. Bloomberg published: “McMansions define ugly in…