Archive for September, 2013

Demand & Supply Fundamentals Point to Continued Price Growth

Adam Artunian's picture

Will home price appreciation remain strong in the face of modest job growth and the recent uptick in mortgage rates?

Price appreciation is largely driven by the degree to which demand exceeds supply. While the best short-term measure of the housing demand/supply balance is months of supply of homes on the market, the best long-term measure is the ratio of household formations to new home construction. Since household formation data is highly unreliable, we use job growth as the best proxy because there are typically 1.2 jobs per household. Affordability, confidence, and demographic factors determine whether that household rents or buys. We have a great demand model that estimates that demand by price and rent range.

Consider the following:

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Jim Collins: The Backstory

Jim Collins is a rock climber, as you may guess from the cover photo taken near his home in Boulder, Colo. In this issue of SUCCESS, which is all about risk, failure and rebounding, we knew Collins was our perfect cover model. Our reporter, John Ostdick, accompanied our creative director Carl Waters and photographer Jeff [...]

Jim Collins: The Backstory is a post from: SUCCESS magazine Blog

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