Get Blog Updates on your iGoogle homepage:
| Thoughtful Comment Sparks Our Drive for More Serious Analysis |
| Written by Jonathan Smoke | |
| 06.20.2007 | |
|
Discuss this article on the forums. (0 posts) We enjoyed receiving a thoughtful message today from a user who has been following our review of the connection between jobs and house price appreciation: “Job growth, depending on how it is defined, often includes components that are transitory or temporary in nature. As such, it would not be expected to be the main driver of house price appreciation, which is shown by the low R-squared value (in either plot). A better driver would be more permanent in nature like a change in wealth, income, or earnings.
These comments were absolutely appropriate. There is also the issue of the quality of jobs, which also should have an impact on the contribution jobs make to home price appreciation and housing market health overall. With this stated, it would be interesting however, to continue with the job growth-housing price appreciation and go back several years. These comparisons should reveal some of the interesting changes that have occurred in the housing market the last several years and could possibly show whether the job growth-housing price nexus is legitimate.”  We are committed to analyzing local housing markets and the overall national housing market to find what metrics provide the best indicators of past success so we can help our users understand the likely performance in the future.So this is where I admit that compared to my colleague, Bill Russell, I am just a hack in the world of statistics and economics. We will feature Bill’s research on these housing market health indicators and other serious economic research by us and by others in the housing field. Don’t worry if you don’t have a PhD, as I will still be here and I will make sure that we publish only articles that can be interpreted by laymen and hacks like me. If you have a suggestion for an article or research you’d like us to consider, send us your suggestion. Otherwise, stay tuned as we share our findings. 
We're always looking for feedback from our readers.
|
| < Prev | Next > |
|---|
