Category Archives: Jones on Real Estate

State & US Population Growth 2019

The U.S. Census Bureau just released their estimates for changes in state population for 2019.   While population alone does not guarantee economic growth, population and economic growth are positively correlated. Percentage population growth rates for the periods from  July 1, 2018 to July 1, 2019 and from July 1 2010 to July 1, 2019, sorted …Read more

MSA & Division Job Growth Rates – November 2019

Jobs are everything.  Period. As history continues to demonstrate, job growth at any point in time is neither systemic nor consistent across the country.  The TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market – is once again invoked to comparative job growth for the Metropolitan Statistical Areas (MSAs) and …Read more

Another Top-10 List — Highest Gaining (and Losing) Median Home Price Metropolitan Statistical Areas Q3 2019

While the U.S. has seen all-time record-high employment, the lowest unemployment rate in 50 years, and rising wages, home sales stuttered in 2018 and the first half of 2019 due to affordability.  Home price  increases in the past decade have out-sprinted income gains, negatively impacting affordability. Prices changes are not uniform nor consistent across the …Read more

Forecasting is Difficult, Especially the Future: — Housing Sales, Interest Rates, Home Prices and Lending 2020-2021

Forecasting is difficult, especially the future, is a small bit of economist humor that embodies more truth than may be appreciated.   While ongoing trends are easy to forecast by just continuing the line or general direction of sales-interest rates-prices-jobs or any other economic factor, the difficulty arises in anticipating or predicting the events(s) that alter …Read more