One indication of people trading up for housing is evident by comparing Zillow’s Home Value Indexes by housing type. The index for single-family homes has increased more than that for condominiums since January 2020. In addition, purchases of second homes have increased.
Jha Memorial Lecture has special significance as it forms part of the Platinum Jubilee celebrations of the Reserve Bank. 2. Dr. Lakshmi Kant Jha was an outstanding economist and a distinguished civil servant. A member of the ICS, he was Governor of the Reserve Bank from July 1967 to May 1970.