THE BASIS POINT

Local Booms In Housing: Michael Feder & Karl Case

Here’s a housing discussion (Bloomberg video) with Radar Logic chief Michael Feder and Case Shiller index co-creator Karl Case is from last week. Worth watching because it’s got good comments on the methodology of home pricing data. And both analysts reiterate the importance of local analysis. Specifically many local markets (including and perhaps especially markets like San Francisco where I am) have very low inventory which can push up prices.

I’ll be doing a more detailed discussion of the so-called Facebook Effect on Bay Area real estate in the next couple days (spoiler alert: it’s hard to find time to write right now because our market is almost as busy as it was during the 2005-2006 peak).

$XHB