Paper Money explores the relationship between discretionary spending and home prices. "A lot has been made in recent years about the “wealth effect” associated to the unprecedented home value appreciation .... "
DC Housing Bubble Blues will be missed. It has not been updated in over two months. :-(
Palm Beach County, FL: "The number of unsold homes on the market from Boca Raton to Vero Beach has been steadily rising, surging to a record 24,028 homes for sale in March, according to Illustrated Properties Real Estate. That's a 27-month supply at the March sales pace. The same month a year ago, there were 18,178 unsold homes." (Palm Beach Post)The National Association of Realtors responded to Sunday's 60 minutes segment on real estate. In their response they stated that "The one-sided journalism and egregious errors served no one well." Someone is running scared of Redfin and others.