In my column this past Tuesday in the Savannah Morning News, I raised a few questions about the current inventory of houses on the market. We have about a year’s worth of single-family homes listed for sale in the Savannah…
Tag: Housing
Fed Vice Chair Janet Yellen speaks about housing woes
Fed Vice Chair Janet Yellen, who has been pretty sharp in her assessments of the economy in recent years, spoke about housing today in Cleveland. Here’s the entire speech. I’ll pull a few key excerpts out here. No particular surprises…
Extended excerpts of Fed Chairman Bernanke’s speech in Atlanta Tuesday
Well, I guess I’m officially in the camp of those who think a) that policymakers are overestimating the resiliency of the recovery and b)that the Fed is erring in its decisions not to take additional measures to boost the economy.…
The strong linkage between new construction and unemployment
For this post, I’m looking at graphs and data from Calculated Risk here and here. The first graph comes with the following description: Credit: Professor Amir Sufi. “This maps the unemployment rate in a state in 2010q4 against the percentage…
With Case-Shiller on the verge of new post-recession lows, how to gauge the bottom for housing?
[UPDATE, 5/31: Case-Shiller: National Home Prices Hit New Low in 2011 Q1] About three weeks ago, I wrote a post asking How far will home prices fall? Today the NYT is reporting Housing Index Is Expected to Show a New…
Where Georgia ranks in terms of foreclosures and unemployment
I hear a lot of spin about Georgia’s relative economic health compared to other states, so I’ll just post these two charts with minimal commentary. These both appeared in the last day on Calculated Risk, an indispensable source for those…
A wonky look at Savannah metro area housing market in April
I’ve been writing a lot less about the housing market in my City Talk columns since Adam Van Brimmer made the jump from sports writing to business writing. It’s been sort of a relief not to feel obligated to wade…
“Where did everyone go?”: why some population estimates are so far off
I have wonkily tracked population data for many years now, so my eye was caught by an article in today’s Atlanta Journal-Constitution: “Census shock result of flawed estimates”. “How do 121,000 people disappear into thin air?” asks in the opening…
CoreLogic shows home price declines driven by distressed properties, a hint of stabilization for non-distressed sales
Just a quick post to update my ongoing posts about home prices. They’re still falling, at least as of February, pretty dramatically. CoreLogic Home Price Index data essentially mirrors Case-Shiller: According to the CoreLogic HPI, national home prices, including distressed…
Savannah housing market update: new listings down from a year ago, but inventory still too high
For a great roundup of the Savannah metro area real estate sales data from January, check out Adam Van Brimmer’s “Local housing market trudges along” in today’s Savannah Morning News. Since Adam moved from sports writing to business writing, which…
Morning Headlines: harbor deepening, housing, Nathan Deal
A month or so ago, I set up a Google Alert for news articles about harbor deepening issues along the East Coast. It’s clear that politics is playing a big role — and will certainly play a bigger role —…