Former Fed chair in the news, home prices and affordability, lots of people really are leaving big cities, and some high-end hope for malls.
In Today’s News
Bernanke: More Multifamily Housing Needed to Combat Affordability Crisis
The former Fed chair says growing supply would ease a demand crunch that’s forcing up home prices and that state and local governments will need to step up by helping private developers.
Why it matters: Affordable housing is an area of investment that has long seen public-private partnerships in action, and meeting that growing demand could present some new opportunities in the years ahead, as well.
S&P CoreLogic Case-Shiller Index Shows Highest Home Price Jump Since 2014
S&P Dow Jones Indices say that September’s 7.0% growth rate was the highest in six years and that it may reflect both a catch-up of depressed demand from earlier this year as well as presage future strength