Category Archives: Jones on Real Estate

Another Top-10 List — Fastest Growing Jobs in America

Jobs are everything to the economy and to the demand for real estate. Within the economy, however, some jobs face an outlook for increased demand while others portend a decline. Two extremes include the almost disappearance of the travel agent industry with the other end of the spectrum being the explosive growth of Web site …Read more

New Home Prices by State and Metro — Thanks NAHB

Up until now, while there was a source for median home prices of existing home sales across the metropolitan statistical areas (MSAs) — the National Association of Realtors®, we were flying blind when it came to new home prices. That has all now changed thanks to the National Association of Homebuilders (NAHB) as they have …Read more

Residential Apartment Rents Up 14.7 Percent Since 1990 – Yet Income Flat in Past 15 Years, Inflation Adjusted

The resurging housing market is making an imprint on many people’s pocket books, checking accounts and balance sheets. For homeowners today, that is a positive imprint and for renters, a negative one. The median existing home price was $96,400 in 1990 according to the National Association of Realtors® while the latest 12-month average of median …Read more

Another Top-10 List — Over and Undervalued Housing Markets

In the past week I wrote about the strong robust economy in Portland, Oregon, and how that, given limited new residential construction, home prices in Portland, in my opinion, were at a premium today given historical price levels. Then I came across a study from Trulia that specifically examined current valuations with respect to historical …Read more

Portland, Oregon — An Award Winning Rose of an Economy

This week I had the opportunity to speak to the Oregon Mortgage Bankers Association in Portland, Oregon. It was a fun trip to catch up with colleagues, friends, customers and for the first time, see a new granddaughter as my daughter, son-in-law and children live there. The Portland-Vancouver-Hillsboro Metropolitan Statistical Area (MSA) created 28,900 net …Read more