Erdmann Housing Tracker • 105 implied HN points • 11 Dec 24
- Housing prices in different neighborhoods react differently to economic changes. In Atlanta, for instance, while the economy was severely impacted, the wealthy neighborhoods faced less of a decline compared to lower-income areas.
- Retirement communities usually rely less on credit markets, as many buyers pay in cash. This makes them interesting places to study housing trends and market responses to economic events.
- Local housing supply issues can drive prices up across all neighborhoods, not just low-income ones. When there's not enough housing built, even retirement homes can see rising costs.