Lumber prices finally drop and the stockpilers prepare to sell

After soaring lumber prices fueled conspiracy theories this spring, and challenged homebuilders faced with an inventory shortage, prices are starting to come down. After soaring lumber prices fueled conspiracy theories this spring, and challenged homebuilders faced with an inventory shortage, those lumber prices are finally beginning to come down from their great heights. For the … Read more

‘The great reshuffling’: Zillow COO argues housing boom is no bubble

In a recent podcast appearance, Zillow Chief Operating Officer Jeremy Wacksman argues the housing market’s fundamentals are strong. One of Zillow’s top executives played down worries that the housing market might be in the midst of a bubble, arguing homebuyers today are more qualified and mortgage products are sounder than was seen before the housing … Read more

Inman Handbook on pending home sales

This is the first installment of a new Inman series digging into, and explaining, routine real estate economic metrics and how they’re used to illuminate the current housing market and inventory crises. Check back tomorrow for the second installment on new-home sales. Each month, the National Association of Realtors (NAR) performs a ritual. In emails … Read more

Dozens of economists don’t see any bursting bubbles on the horizon

Home prices may be skyrocketing, but there doesn’t appear to be a bubble on the horizon, with dozens of economists indicating in a new report that an array of economic indicators should remain healthy for at least the next few years. The report, out Tuesday from the Urban Land Institute, is based on a survey … Read more

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