NOTE: You are viewing an archived version of the Columbus Underground forums/messageboard. As of 05/22/16 they have been closed to new comments and replies, but will remain accessible for archived searches and reference. For more information CLICK HERE
November 16, 2015 What’s Different about the Latest Housing Boom?
Reuven Glick, Kevin J. Lansing, and Daniel Molitor
After peaking in 2006, the median U.S. house price fell about 30%, finally hitting bottom in late 2011. Since then, house prices have rebounded strongly and are nearly back to the pre-recession peak. However, conditions in the latest boom appear far less precarious than those in the previous episode. The current run-up exhibits a less-pronounced increase in the house price-to-rent ratio and an outright decline in the household mortgage debt-to-income ratio—a pattern that is not suggestive of a credit-fueled bubble.
Columbus Underground serves millions of readers across Columbus and Central Ohio. Founded in 2001, our forward-thinking, editorial news platform grants readers 24/7 online access to current events and happenings in their ever-changing city.
All content copyright ColumbusUnderground.com unless otherwise credited.