Does housing policy amount to price fixing from banks? Negative equity, accounting standards, and control of supply. 1.3 million homes in California still underwater.

By drhousingbubble Housing is an industry made and broken at the margins. This is why in areas like Beverly Hills or Newport Coast, a small number of sales can skew prices dramatically. Housing prices in more homogenous markets where many homes are built in cookie cutter fashion provide a better metric of future appraisal values. How so? […]

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