World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Housing Marketâs Future Still Has Many Clouds
Keywords:
Robert Shiller explains why price increases in U.S. housing are likely to remain at inflation adjusted 1-2 % a year in coming years. The Zillow-Pulsenomics Home Price Expectations Survey, incorporating 100 forecasters, and the S&P Case/Shiller Composite Index Futures, as of Dec. 2012, both show this modest growth for the next 5 years. The sharp price increases of 2012, with the S&P/ Case-Shiller 20 City Index up 9% from March to Sept. 2012, are seen as partly seasonal and not likely to last. Reasons he cites against the possibilities of another U.S. housing price surge are a more regulated housing market, wary buyers, lower economic growth, preferences for renting vs buying, and harder to rent detached single family homes. Recent housing price increases also include seasonal fluctuations and could moderate in coming months, says Shiller. History shows only one housing price boom in the U.S. in the last hundred years, with real prices increasing 68% from 1942 to 1953. By comparison the price surge in home prices from 1997 to 2006 was 86% in real terms, which was reversed almost entirely by 2012. The Census Bureau statistics show the home ownership rate declining to 65.5% in the third quarter of 2012 from 69% in the third quarter of 2006. Karl Case said in an op-ed in the NYT in 2010- the investment in a home was never meant to be a way to pay the bills and enjoy an artificially high standard of living, and only seen as a safe investment for most of American history.
Shiller's forecast of 1-2% inflation adjusted increase in U.S. home prices for 2013-2017
09/16/2010
Both Shiller and other forecasters in a Zillow Index show the increase in home prices in coming years will be modest, after a 9% price increase in March to Sept. 2012.
Grouped Articles
How to Fix the Economy: An Expert Panel
BusinessWeek 09/16/2010
House Prices Rise Again, but the Pace Could Slow
New York Times 12/31/2013
Risk of Deflation Feeds Global Fears
Wall Street Journal 10/16/2014
Wall Street Journal 04/22/2015
Housing Marketâs Future Still Has Many Clouds
New York Times 01/26/2013
The Sickness Beneath the Slump - Economic View
New York Times 06/11/2011
U.S. housing prices: 2010-2013
09/05/2010
Grouped Articles
Wall Street Journal 05/02/2013
Housing Rebound Grows as Prices Climb Sharply
Wall Street Journal 05/09/2013
The economic performance of cities: Following the sun
Economist 05/16/2013
Home Prices Rise, Producing a Buying Mood
New York Times 05/28/2013
Home Prices Jump, but Headwinds Build
Wall Street Journal 07/31/2013
In struggling housing market, buyers and sellers are out of sync
Washington Post 09/05/2010
Prospects for Recovery in the U.S. housing market 2010-2013
06/18/2009
The prospects of recovery in the housing market, regional differences, and the uncertainty arising from changes that are occurring in the American economy. The changes range from consumer frugality, lower levels of consumer spending, aging of the population, and uncertainty about economic growth.
Grouped Articles
Wall Street Journal 05/02/2013
The economic performance of cities: Following the sun
Economist 05/16/2013
Home Prices Rise, Producing a Buying Mood
New York Times 05/28/2013
Housing Recovery Increasingly Prices Out First-Time Buyers
Wall Street Journal 07/22/2013
Economic Casualties: 'Missing Households'
Wall Street Journal 07/22/2013
Why the Housing Market Is Still Stalling the Economy
New York Times 04/24/2014
Karl Case on Housing in America in 2010.
09/01/2010
The co-author of the Case-Shiller Housing index on housing markets, and what the dream of buying a house in America really means; what its benefits really are outside of speculation.
Grouped Articles
Home Prices Rise, Producing a Buying Mood
New York Times 05/28/2013
New York Times 09/01/2010
Housing Market Is Still Facing a Blizzard
Wall Street Journal 12/29/2010
Housing Prices, Still Falling, May Be Nearing Bottom
New York Times 05/31/2011
The Sickness Beneath the Slump - Economic View
New York Times 06/11/2011
Housing Market Displays New Vigor as Prices Rise
Wall Street Journal 09/26/2012
Robert Shiller and risks in America's future.
03/02/2008
Grouped Articles
Robert Shiller: A Skeptic and a Nobel Winner
New York Times 10/19/2013
15 Economists Issue Crisis-Prevention Manual
New York Times 06/15/2010
How to Fix the Economy: An Expert Panel
BusinessWeek 09/16/2010
How a Bubble Stayed Under the Radar
New York Times 03/02/2008
Crisis Averted. What of the Next One?
New York Times 08/10/2008
To Build Confidence, Aim for Full Employment
New York Times 12/14/2008
The U.S. housing market in 2010-2013
05/27/2010
According to Karl Case its basically flat in 2010 and quite fragile, with a lot of inventory out there. By 2012 the situation had not changed much, except for Washington D.C. with growth in employment, and a small spurt in 2011 in Phoenix from out of state and Canadian buyers. Prices in Las Vegas and other cities continued to decline and there were fears of more homes being released by banks from foreclosed properties in judicial states such as Florida.
Grouped Articles
Housing Rebound Grows as Prices Climb Sharply
Wall Street Journal 05/09/2013
The economic performance of cities: Following the sun
Economist 05/16/2013
Home Prices Rise, Producing a Buying Mood
New York Times 05/28/2013
Housing Recovery Increasingly Prices Out First-Time Buyers
Wall Street Journal 07/22/2013
Economic Casualties: 'Missing Households'
Wall Street Journal 07/22/2013
Home Prices Jump, but Headwinds Build
Wall Street Journal 07/31/2013
The Case-Shiller U.S. housing price index by metro area - 2011-2013
05/29/2012
Grouped Articles
A Look at Case-Shiller, by Metro Area
Wall Street Journal 04/30/2013
The economic performance of cities: Following the sun
Economist 05/16/2013
Home Prices Rise, Producing a Buying Mood
New York Times 05/28/2013
Home Prices Jump, but Headwinds Build
Wall Street Journal 07/31/2013
House Prices Rise Again, but the Pace Could Slow
New York Times 12/31/2013
A Look at Case-Shiller by Metro Area
Wall Street Journal 05/29/2012
Is home ownership beneficial? Risks of social policy promoting home ownership.
04/16/2009
Social policy promoting home ownership has many risks if bubble phenomena take hold and trading in home assets as investments becomes a core activity in the economy. It harms investment and employment through severe cutbacks in consumption in a collapsing housing market.
Grouped Articles
U.S. Homeownership Rate Falls to Lowest Level Since Mid-1990s
Wall Street Journal 04/30/2014
Economist 04/16/2009
Boom's Home-Ownership Gains Lost
Wall Street Journal 02/01/2011
As China’s economy slows, real estate bubble looms - The Washington Post
Washington Post 10/03/2012
Housing Marketâs Future Still Has Many Clouds
New York Times 01/26/2013
Shiller on young people and trends in U.S. housing
03/28/2012
The situation facing young first time home buyers and housing trends.
Grouped Articles
Home Prices Rise, Producing a Buying Mood
New York Times 05/28/2013
Economic Casualties: 'Missing Households'
Wall Street Journal 07/22/2013
Robert Shiller: A Skeptic and a Nobel Winner
New York Times 10/19/2013
New York Times 06/07/2014
Wall Street Journal 03/28/2012
The Great Divergence by Timothy Noah
New York Times 05/25/2012
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us