Inflation optimists are betting that lower housing costs will bring down inflation. They seem to have some arithmetic on their side, but their theory of why inflation rises or falls is fallacious. Declining home prices and rents will not dent our inflation problem. One explanation of the housing-inflation connection is described by the excellent economist
Real Estate
Redfin’s Homebuyer Demand Index—a measure of home-tour requests and other services from Redfin agents—is up 10% and mortgage-purchase applications are up 14% from the end of October, when both hit their 2022 troughs, according to a new report from Redfin, a technology-powered real estate brokerage. That’s largely because mortgage rates continue to steadily decline. According
From grand millennial to coastal grandma, there’s no denying the increased popularity of traditional styles in recent years. Furthermore, the supply chain and shipping nightmares of the pandemic have influenced consumers to re-think where their furniture is coming from and who makes it. These two factors, along with beautiful design can be attributed to the
A Malibu, California property that was once home to the late musician Tom Petty is on the market for $9.85 million, according to listing agent Chris Cortazzo of Compass. Located on Escondido Beach, the property comprises a cabin-style main house as well as a separate guesthouse that Petty used as a music studio. Loaded with
When Christmas is over, dragging the Christmas tree out to the curb is anti-climactic and, let’s face it, depressing. Following its glorious reign inside the house, fragrant, decorated with lights and ornaments, the centerpiece of festivities and the locus for gifts, putting it out for the trash is an ignominious end. Here is a community