Posted To: MND NewsWire

A noted housing researcher has analyzed the current frenzy of home buying and the rapidly escalating prices since the country emerged from its short-lived spring pandemic shutdown. Issi Romem, Senior Director of Housing & Urban Economics at Zillow, and a fellow at the Terner Center for Housing Innovation at the University of California, Berkley, explains his different take in an article in the New York Times . Romem looks beyond the usual suspects, reasons commonly cited for the superheated market, not totally dismissing them, but finding a few new ones to credit, or blame, for what is going on. He also says some of the explanations given for increased market activity are playing far less of a role than presumed. For example, he asks why the perceived motivation of consumers to acquire…(read more)

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Source: Mortgage News Daily