clock menu more-arrow no yes

Filed under:

Donut Economics

Since today is National Donut Day it only seems fitting to tell you about the latest theory from real estate appraiser Jonathan Miller: the housing market has a hole in the middle. He goes into all the details in his blog post (as well his prior donut qualifications) about how properties at the low and high end of the market move much faster than those priced in the middle. Even though he's from Maryland originally, he had to work in a bagel metaphor too since he's a NYC denizen these days. [CS Monitor; Matrix]