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Spec homes sitting on the market pose risk of economic drag

Summary by Redlands Daily Facts

By Michael Sasso | Bloomberg The so-called spec home, a spin on the American dream home with standardized color schemes and toilet fixtures, is falling out of favor with some US builders. While that means deals for buyers, the trend also could wind up as a drag on the economy. Spec, or speculative, homes are usually more affordable and available much more quickly for people who don’t demand their own personal touches. Since the start of the Covi…

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Redlands Daily Facts

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Spec homes sitting on the market pose risk of economic drag

3 days ago

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Spec Homes Sitting on the Market Pose Potential Economic Drag

Builders might pull back on new housing construction as they try to clear their backlog.

5 days ago·United States

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Santa Monica Next

Vacancies Are a Drag

At the Santa Monica City Council’s budget workshop earlier this month, council members expressed a desire for the city to take a more active role in supporting economic opportunity and growth. This was one of the three budget priorities adopted that day. Unmaintained vacant properties, especially ground-floor properties in commercial districts and corridors, create a […] The post Vacancies Are a Drag first appeared on Santa Monica Next.

4 days ago

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Springer

Episodes of Exuberance in Housing Markets: In Search of the Smoking Gun

In this paper, we examine changes in the time series properties of three widely used housing market indicators (real house prices, price-to-income ratios,

5 days ago·United States

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