This morning, I was reading a Kellog article on rockets and feathers. If you’re not familiar with the reference, “rocket and feather” is an economic term that describes how prices rise like a rocket and fall like a feather. As I think about recent local housing news, and the increase in housing prices since the […]
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A Fourth of July Extra
Housing growth, a guide for cities. By Ronald ClewerJuly 04, 2024 The following is a direct reprint from the folks at the NYU Furman Center from their LinkedIn post today. While intended for NY City, the 6 principles apply to every city struggling with housing inventory challenges. All principles are important, but the last three […]
Read MoreRockford – Now is the time to act!
If you have been following my Substack column, or my LinkedIn posts, you may have deduced that I am a housing advocate through and through. You may also deduce that I am a City of Rockford proponent and cheerleader. As a Rockfordian by choice, I recognize the amazing assets we have as a community. I also recognize that we have issues […]
Read MoreRockford IL – Housing Affordability
Last week’s post, answered the question of what is affordable housing? As you may recall, housing affordability means the sum of rent or mortgage and housing related costs (i.e. utilities, insurance, and real estate taxes for homeowners) is no more than thirty-percent (30%) of a household’s income. I also noted in last week’s post that […]
Read MoreHousing Underproduction
This week Up for Growth published 2023 Housing Underproduction™ in the U.S. The organization’s web page does a great job of highlighting national drivers, trends, and history of US housing underproduction. In the coming weeks, we will look at this underproduction in greater detail, specifically, what does it mean in the Midwest, Illinois, Northern Illinois, and my hometown of Rockford, IL, […]
Read MoreGood News Rockford!
Are we ready to grow? That takes your voice. By Ronald ClewerApril 27, 2024 Any time we can celebrate good news, we should! This past Thursday, the Wall Street Journal and Realtor.com published an article, Rockford Is Now America’s Top Housing Market After an Improbable Turnaround. The two organizations rank metro areas according to real-estate […]
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