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,” 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
Large language models can do jaw-dropping things. But nobody knows exactly why.
And that's a problem. Figuring it out is one of the biggest scientific puzzles of our time and a crucial step towards controlling more powerful future models.
OpenAI teases an amazing new generative video model called Sora
The firm is sharing Sora with a small group of safety testers but the rest of us will have to wait to learn more.
Google’s Gemini is now in everything. Here’s how you can try it out.
Gmail, Docs, and more will now come with Gemini baked in. But Europeans will have to wait before they can download the app.
This baby with a head camera helped teach an AI how kids learn language
A neural network trained on the experiences of a single young child managed to learn one of the core components of language: how to match words to the objects they represent.
Stay connected
Get the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.