Two great articles about real estate have appeared in today's Sunday papers.
First is an article re bubble market tactics. It's by Kenneth Harney for the L.A. Times. It discusses the pros and cons of escalation clauses, no-contingency offers, and low listing prices to draw lots of bidders.
Next is an article from the esteemed Robert J. Shiller for the New York Times entitled "Why home prices change or don't." It's a bit wonky, but among other items, it discusses how technological advances in home building have helped keep costs down. I thought it was really interesting.
Happy reading or happy hanging out at Coachella.
