John Lemos's (jplemos) Blog

House prices are determined by housing supply, housing demand and housing affordability.Housing Supply: What's the Outlook?Housing supply measures how many months it would take to sell all the houses currently listed for sale, at the current pace of home sales. For example, if there are 600 homes...

Step #1: Let’s understand and measure it.When we think about the US national debt, it’s useful to break down the numbers in terms that we can understand.  Many economists use this analogy: imagine if your household earns $185,000 in annual income, you had no other debts, and you asked a lender if...