TREC

Texas Realtors are paying for some bad economic research. That's the only conclusion I can come to after looking at the current situation where highly educated economists are giving short shrift to the underlying causes of Texas home price inflation and market distortions. While the Fed has abdicated its responsibility to the American public, TAMU economists seem to be cooperating with the Fed in offering "alternative facts" surrounding the declining affordability of housing and real estate market imbalances. In a previous post I posited a guess as to why this is happening. After looking at [...]