Housing Market

Housing Market

The Party’s Over

The Party’s Over

It’s clear from home price data for the third quarter that the boom is over, killed by higher mortgage rates—but also because prices can only go so high before buyers balk. Monthly data indicate...

Follow the Money

Follow the Money

With the U.S. population stagnating (for the first time ever, it didn’t grow last year), real estate investment is becoming a zero-sum game. For each good market, there’s a bad market. You can’t...