R statistics dataviz housing mortgage data
A dataviz remix I came across some interesting analysis from Josh Lehner at the Oregon Office of Economic Analysis about the “Housing Trilemma”. The Housing Trilemma, captured in the chart below is based on the following claim: Every city wants to have a strong local economy, high quality of life and housing affordability for its residents. Unfortunately these three dimensions represent the Housing Trilemma. A city can achieve success on two but not all three at the same time.
Tight Inventory EARLIER THIS WEEK, Trulia published a post by Chief Economist Ralph McLaughlincalled “House Arrest: How Low Inventory Is Slowing Home Buying”. The article analyzed trends in housing inventory. Trulia broke housing inventory into “starter homes”, “move-up homes”, and “premium homes”. They found that the inventory of available homes for-sale has shifted towards premium homes and away from starter homes that first time homebuyers would typically be buying. We’re not here to talk housing inventory, but I recommend you take a look.