Matrix: forecasting future home prices
Jonathan J. Miller runs a blog that I've been enjoying of late. He posted to his Matrix blog earlier this week about an article by Robert Shiller in the Wall Street Journal. Miller provides a thoughtful analysis of the role of housing fundamentals in home price forecasting and concludes:
"It doesn’t seem like anyone has a handle of the direction of macro real estate markets at the moment, beyond relying on conventional wisdom."It's almost time for Veros to come out with its quarterly Hot and Cold Top 10 markets. After forecasting home prices for over three years, the company's analytics have proven surprisingly accurate. The Veros analysis goes way beyond conventional wisdom and is worth checking out.