Nashville’s booming housing market – is it sustainable?

Nashville’s housing market is booming.  Rents are rising dramatically.  We are hearing stories that give us pause to consider the sustainability of the boom.  Several articles have caught our attention. Nashville’s housing market hits high notes thanks to young buyers.  The Financial Times featured Nashville’s booming housing market a few weeks ago. [Tiered Registration Required]

This Week with J. Mark Nickell & Co. – November 6, 2013

The Federal Reserve met last week and it made no changes to its large scale asset purchase program.  The late spring/early summer experience, where its communications about tapering the program were bungled, drove up interest rates, in expectation that stimulus would be withdrawn in the near future. As markets reacted, the Fed backtracked, and since

This Week with J. Mark Nickell & Co. – August 21, 2013

Sometimes good news is greeted poorly by the market. Last week the number of claims for jobless benefits dropped to the lowest level since October 2007. Consumer confidence also moved near a five-year high. However, the stock market dropped, and the yield on the benchmark 10-year Treasury note, which moves inversely to prices, climbed. Concerns that the Federal Reserve will taper asset purchases beginning as early as September have stoked a selling spree.

This Week with J. Mark Nickell & Co. – June 5, 2013

We begin with an article summarizing sizeable increases in home prices reported by the S&P/Case-Shiller Index. Next, we summarize upbeat news in the Conference Board’s most recent Consumer Confidence Index®. We temper the good news with a report on the state of household finances following the recession. Finally, we present an Issue Brief that explains why housing is so important to the economy as a whole.