Posted by Jonathan J. Miller -Wednesday, April 25, 2012, 6:00 AM
Trulia’s Chief Economist Jed Kolko keeps punching out dials and gauges on the housing market. He’s also got a “Price Monitor.” These tools are really growing on me because they provide context to the current state of the market – something that is sorely missing.
With his Housing Barometer, he combines three key housing market indicators:
- new construction starts (Census)
- existing-home sales (NAR)
- the delinquency-plus-foreclosure rate (LPS First Look).
Here’s the full write up: Trulia’s Housing Barometer: Recovery Slips Backward in March
and constantly asks:
What does a “normal” housing market look like, and how far away are we?