Alex Hermann

Ahem. That's Jim Herrmann with two r's. The distinction matters to some of us...

I am shocked -- shocked! -- to learn that housing prices fell the most in metros where inventory of homes increased by a lot. via @harvard-jchs.bsky.social
www.jchs.harvard.edu/blog/home-pr...

so are Taylor and Travis going to make their first appearance as an engaged couple at the Nebraska-Cincinnati game at Arrowhead tomorrow

Big day today. We’ll find out that Michigan, champions of the 2023 NCAA football season, are indeed still champions of the 2023 NCAA football season

Pure Michigan ™

I have obtained a leaked copy of the NCAA Report which, after a thorough investigation, has concluded that Michigan football is "extremely annoying."

High home prices & interest rates have pushed sales to a 30-year low; insurance and property taxes are soaring; high rents have left record numbers with cost burdens; and wildfires have highlighted the dangers of climate disasters.

New report, livestream @ 2pm ET:
mailchi.mp/harvard/son-...

What Do Gen Z Renters Want? Amenities, Aesthetics and Their Own Mini Universe We talked to four young people who are changing the game when it comes to renting.

Gen Z represents 47% of recent US renters and as of 2023, there were 9.1 million Gen Z renter households, says @aherm.bsky.social. And they are opting for a new urban way of life: hunkering down in amenity-rich, high-design rental complexes that offer instant community.

www.wsj.com/real-estate/...

Here it is!! Just $9.99 plus tax. Also you get a little pizza cutter.

Tremendous piece. There are many valid critiques of American consumerism, but it's important to think of the ways it's defined us culturally and the benefits/detriments that come along with it. Should really have a positive plan when messing with the "bargain" described here.

This Wednesday, April 2: What is the impact of investor ownership of single-family rental homes? Our @aherm.bsky.social joins a @bpc-bipartisan.bsky.social conversation about the state of the single-family rental market, opportunities, and challenges.

bipartisanpolicy.org/event/instit...

What We Lose When Our Memories Exist Entirely in Our Phones The act of putting something aside is an exercise in remembering.

I have an essay in this week’s @bloomberg.com Weekend Edition about ticket stubs and memory and how the ways we catalog our own pasts have been changed by the internet. I’m really proud of it and I hope you’ll read it. Gift link: www.bloomberg.com/news/article...

Small Single-Stairway Apartment Buildings Have Strong Safety Record Policymakers could increase the supply of multifamily housing in their states and localities by revising outdated building codes that require more than one stairway in small apartment buildings. If en...

A first-ever analysis of fire death rates in modern four-to-six-story buildings with only one stairway shows that residents are not at greater risk, and such buildings could provide much-needed housing. @pewtrusts.org

www.pewtrusts.org/en/research-...

Median age of homebuyers just hit a new record high of 56
(Via Torsten Slok)

I love it when there’s research on something in housing that I hadn’t really thought about before. Seems so obvious once someone says it out loud.

Haven't seen much, if any work, examining who non-cash renters are. Was surprised by what we found so decided to blog about it!

At last the two main immigration estimates have aligned. New
CBO estimates for 2024 very close to Census estimates for year-to-mid-2024.

Scatter plot of inventory changes in large metro areas in 2019-2023 and 2022-2023.

Good chart. I should update this, but looks like a continuation of some high level inventory trends: www.jchs.harvard.edu/sites/defaul...

Should update this, but markets in the Northeast and Midwest continue to face the largest inventory challenges. From a blog on the interplay between the existing and new home market:

www.jchs.harvard.edu/blog/existin...

www.jchs.harvard.edu/sites/defaul...

Yes, this. But also for even modest levels of fame.

Michigan follows up on their national championship by ending the season with victories over Ohio State and Alabama, presumably to repeat as national champions but I'm not checking

chart shows the number of cost-burdened households is at a record high of 22.6 million while share is about 50 percent. the trend of worsening affordability has accelerated since the pandemic.

1. a record number of renter households (22.6 million) spend more than 30 percent of their incomes on rent and utilities each month. that includes 12.1 million who spend more than half of their incomes on housing, which is also a record high

Renters’ Affordability Challenges Worsened Last Year The number of cost-burdened renter households hit yet another record high last year, according to the most recent data from the American Community Sur

The number of cost-burdened renters has hit yet another record high, and affordability has worsened up and down the income scale, leaving low-income households with less than ever before. @airbrycki.bsky.social @aherm.bsky.social @sophiawedeen.bsky.social.

www.jchs.harvard.edu/blog/renters...

Recognizing Racial Diversity Within Households: Implications for Housing Research Demographic research frequently categorizes households by race and ethnicity using the characteristics of a single person rather than considering all

Read the full paper written by @airbrycki.bsky.social @aherm.bsky.social @dmccue.bsky.social @samarascheckler.bsky.social

www.jchs.harvard.edu/research-are...

If by “Kirkland Brand” you mean “better” then we definitely agree!

I’ve called Ubers/Lyfts at that time for that exact purpose and haven’t had issues fwiw

Housing Cost Burdens Climb to Record Levels (Again) in 2023 Housing affordability worsened again last year, as a record number of US households were cost burdened. According to our tabulations of the newly rele

An all-time high 42.9 million households were cost burdened last year (spent over 30% of their income on housing), and an additional 850,000 households had burdens, continuing a trend of deteriorating affordability. @aherm.bsky.social @airbrycki.bsky.social

www.jchs.harvard.edu/blog/housing...

YouTube video by Douglas Reyes-Ceron Fullcast After Dark - Week 13, Nov. 27, 2022

Bringing back @edsbs.bsky.social's words for Ohio State back in 2022 that could essentially be copied and pasted into 2024
@shutdownfullcast.bsky.social
youtube.com/shorts/RJAAT...

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