Why Falling Home Prices Could Be a Good Thing

New York Times

By Conor Dougherty –

Suppose there were a way to pump up the economy, reduce inequality and put an end to destructive housing bubbles like the one that contributed to the Great Recession. The idea would be simple, but not easy, requiring a wholesale reframing of the United States economy and housing market. The solution: Americans, together and all at once, would have to stop thinking about their homes as an investment.

Read More

Previous Luxury Homes at Toll Brothers' Porter Ranch Eclipse $2 Million
Next Division President

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Housing Market

The Return of the First-Time Buyer

Homebuilders are reporting that they are seeing more activity from first-time buyers now than in the earlier part of the housing recovery. While the first phase of the recovery was

Housing Market

Sales Pace Surge and Price Appreciation in SoCal

The strong start to the year in the Southern California housing market continues to be borne out by the data. The median home price in Southern California climbed to $425,000

Housing Market

Will 3% Mortgages Boost the Housing Market?

Fannie Mae and Freddie Mac, government-sponsored enterprises, detailed guidelines this week to buy loans from lenders made to borrowers at up to a 97% loan-to-value ratio. As a result of