Skip to Content
Uncategorized

Housing Bubble

If you’ve been trying to buy a house recently on either of the U.S. coasts, you’ve probably been shocked at both prices and their rates of increase. There’s much speculation that the market is in the midst of a “bubble,”…

If you’ve been trying to buy a house recently on either of the U.S. coasts, you’ve probably been shocked at both prices and their rates of increase. There’s much speculation that the market is in the midst of a “bubble,” with the real question being when it’s going to burst. Now two researchers have published a paper that states that (1) yes, 22 U.S. states are experiencing a bubble, and (2) it’s probably going to burst around mid-2006.

Didier Sornette’s and Wei-Xing Zhou’s analysis differs from just two years ago, when there was no sign of the faster-than-exponential growth characteristic of a bubble. Their conclusions are strengthened by their successful prediction of a housing bubble in the United Kingdom in 2003, where housing prices began dropping in July 2004. Their analysis is nifty, and the mathematics are simple and straightforward. “Soon” might be a good time to sell.

Keep Reading

Most Popular

images created by Google Imagen
images created by Google Imagen

The dark secret behind those cute AI-generated animal images

Google Brain has revealed its own image-making AI, called Imagen. But don't expect to see anything that isn't wholesome.

biomass with Charm mobile unit in background
biomass with Charm mobile unit in background

Inside Charm Industrial’s big bet on corn stalks for carbon removal

The startup used plant matter and bio-oil to sequester thousands of tons of carbon. The question now is how reliable, scalable, and economical this approach will prove.

AGI is just chatter for now concept
AGI is just chatter for now concept

The hype around DeepMind’s new AI model misses what’s actually cool about it

Some worry that the chatter about these tools is doing the whole field a disservice.

Peter Reinhardt
Peter Reinhardt

How Charm Industrial hopes to use crops to cut steel emissions

The startup believes its bio-oil, once converted into syngas, could help clean up the dirtiest industrial sector.

Stay connected

Illustration by Rose WongIllustration by Rose Wong

Get the latest updates from
MIT Technology Review

Discover special offers, top stories, upcoming events, and more.

Thank you for submitting your email!

Explore more newsletters

It looks like something went wrong.

We’re having trouble saving your preferences. Try refreshing this page and updating them one more time. If you continue to get this message, reach out to us at customer-service@technologyreview.com with a list of newsletters you’d like to receive.