Industry News

Buildup, bubble and bust explained

Book review: 'The Great Housing Bubble: Why Did House Prices Fall?'

Recently, Inman News launched a "Roadmap to Recovery" project to encourage new ideas and foster communication with the goal of improving the business of real estate transactions. In early March, the editors proposed 10 reforms to not only improve how real estate is bought and sold, but, more importantly, to ensure that the type of cataclysmic boom-and-bust cycle through which we're now suffering will never be repeated.

Of those 10 reforms, one really hit home for me: "Real estate professionals should provide buyers and sellers with vastly improved market analytics." That's because at the same time I read the reforms, I was combing my way through "The Great Housing Bubble," which is a real estate development insider's account of how bubbles form, methods to property evaluate home values, the important impact of bubble-market psycho...

Comments