Archives for real estate

Straight From the Foreclosure Expert’s Mouth

Millions of homeowners across the country have gone through the foreclosure process (Michael Jackson just narrowly escaped), and more will likely continue to do so for a while. Read More »

Zillow Says Real-Estate Market Not as Bad as It Looks

Newspaper headlines earlier this week reported a dramatic 19 percent decline in housing prices based on the Case-Shiller index of real-estate prices. Stan Humphries, writing on the Zillow blog, notes that Zillow’s price index didn’t fall as much as Case-Shiller. The difference is that Zillow’s index does not include foreclosures, but Case-Shiller does. Humphries notes […] Read More »

Our Daily Bleg: A Real-Estate Dilemma

Mike, a 30-year-old engineer, writes in with a real-estate dilemma in which he’s considering a tricky tradeoff: is it worth sabotaging his own credit rating in order to walk away from a house that’s worth far less than his mortgage? Already Been Blegged Here’s what Freakonomics readers have been blegging for lately. How to Handicap […] Read More »

Economist Price Fishback: The Real Facts About the Original Home Owners’ Loan Corporation (and What They Mean for a Modern Incarnation)

More and more people are calling for the government to create a Home Owners’ Loan Corporation (HOLC) modeled after the New Deal version that went by the same name. The first person I heard suggesting this was economist Alan Blinder in a startlingly prescient New York Times Op-Ed piece back in February of this year. […] Read More »

Diamond and Kashyap on the Recent Financial Upheavals

As an economist, I am supposed to have something intelligent to say about the current financial crisis. To be honest, however, I haven’t got the foggiest idea what this all means. So I did what I always do when something related to banking arises: I knocked on the doors of my colleagues Doug Diamond and […] Read More »

Love Data? Zillow Wants You

We’ve blogged a few times about Zillow (here and here), a website that is trying to shake up the real estate industry. I’ve made radical predictions about the future of the real estate industry. I’m hoping that Zillow will help make those prophesies come true. So to do my part (and because I am as […] Read More »

Space Bubble Real Estate

Lots of people want to buy property in outer-space, argues blogger Glenn Reynolds. He points to customers of Lunar Embassy who pay $16 or $20 for novelty acres on the moon. But to go from gimmicky certificates to serious lunar (and Martian) real estate development takes a serious economic incentive — like the concept of […] Read More »

Is the Housing Crisis a Public Health Nuisance?

Public-health officials in northern California are worried that foreclosed and abandoned homes — at least the ones with swimming pools — might become a breeding ground for mosquitoes that could carry West Nile virus. From a Mercury News article: Worried health officials will embark today on an aerial search for backyard, watery havens for mosquitoes […] Read More »