Housing bust was about the price of land, not the house

Printer-friendly version
November 12, 2014

Housing and economy blogger Jonathan J. Miller notes that the current narrative of the housing bust has several issues.
First off, housing prices didn’t fall much in the meltdown – it was the price of land that imploded. He further says that in advanced economies, rising land values have been behind as much as 80 percent of the real estate price gains since 1950, and that most of the increase in U.S. housing prices during the past four decades was due to rising value of land.
Read more

Comments on: "Housing bust was about the price of land, not the house"

August 2017

This Month in Professional Builder


Gehan Homes expansion into entry-level home building through...

Overlay Init