Housing Boom: Good News, Bad News

The housing boom is likely to last. That's the good news...and the bad news.

1 minute read

June 16, 2005, 8:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Barring an unexpected jump in interest rates or a sudden drop in jobs, [an annual report put out yesterday by Harvard's Joint Center for Housing Studies] predicts that demand will continue to rise steadily, generating billions in wealth and pushing the economy forward. But the bad news contained in the report is that...millions of families [are] being priced out of the housing market--and, thanks to the demand for more high-priced homes, out of the rental market as well."

Thanks to Adam Christian

FULL STORY: Home Economics

Tuesday, June 14, 2005 in The New Republic

Community / Economic Development United States

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