«The size of the U.S. real estate bust on the way down will be proportional to the size of the real estate boom on the way up,» says Robert Campbell, a real
estate economist in San Diego, Calif., and author of Timing the Real Estate Market.
Not exact matches
«The Canadian real -
estate market already is
in correction mode,» said Krishen Rangasamy, an
economist at National Bank Financial
in Montreal.
In early 2004, as American house prices roared higher and there came dire warnings from some quarters about the existence of a bubble — accompanied, of course, by strident denials from banks, most
economists and the mortgage and real
estate industries — Ben Bernanke (then still a governor before he became Fed chairman) addressed the problem of what to tell the American people.
The crux of the problem, Richard Mattoon, a senior
economist at the Chicago Fed and a lecturer on real
estate at Northwestern University told Canadian Business, is that dividends and capital gains make up a much larger share of top earners» pay than they did
in the past — and that part of their compensation package tends to be very volatile.
One person who pointed out the dangerous asset bubble developing
in 2005 was
economist Robert Shiller, whose composite Case - Shiller index, created
in the 1990s, studies real
estate prices nationally and
in key urban areas.
Many
economists worried that the state was
in for a recession along the lines of the oil shock of the 1980s, when real
estate prices plunged and unemployment soared.
Baltimore, meanwhile, offers more affordable real
estate, a shovel - ready site at Port Covington, and an urban feel that suburban Prince George's County lacks, said Anirban Basu an
economist and and CEO of Sage Policy Group
in Baltimore.
Stock prices are at record highs, credit spreads are narrow, cap rates
in the real
estate market are thin, you have Bitcoin and Ethereum going skyward,» said Moody's Analytics chief
economist Mark Zandi.
«A slight decline
in real -
estate related balances, consistent with broader housing market developments, contributed to a flat quarter for total outstanding household debt,» Donghoon Lee, senior
economist at the New York Fed, said
in a statement.
And the Fed
economists followed this logic until it lost its semblance of reasonability when the real
estate market turned down
in the early 1990s.
Prediction:
In 2006, the chief
economist of the National Association of Realtors came out with a book predicting that the real
estate boom would continue «into the foreseeable future.»
«Home prices
in the greater Seattle area continue to appreciate above average rates,» said Matthew Gardner, chief
economist at Windermere Real
Estate.
Ralph McLaughlin, a housing
economist with the real
estate information company Trulia, recently published a list of the ten fastest - moving housing markets
in the country.
Dr. James Gaines, chief
economist with the Real
Estate Center at Texas A&M University, recently echoed this sentiment
in comments to The Dallas Morning News.
Most professional
economists and real
estate pundits continue to call for a soft landing
in terms of the local real
estate markets.
This could be why
economists are offering more conservative real
estate market forecasts for Orange County
in 2017.
In February, the company's
economists also provided a forecast for the California real
estate market through 2018 and into 2019.
The Paris - based OECD warned that «there is a risk that a prolonged period of easy finance could result
in a price bubble,» which may endanger French banks [5], while Hervé Boulhol, the OECD's France
economist, warned against treating French real
estate as a safe - haven and that the property market's powerful rise without a corresponding rise
in income «may signal a bubble phenomenon, as a bubble is a disconnection with fundamentals.»
Nela Richardson, Chief
Economist, of national real
estate brokerage, Redfin, says, «The pace of sales we saw
in March is unsustainable.
This must be a lie because it's reported by HuffPost, an «American spy media» based on some «sadist» reports coming from a «Voodoo»
economist called David Madani who must have bet everything, including short - selling his own mother -
in - law for Canada's Real
Estate to die... Yeah, right.
In the end Gallienus decides to pay for the celebrations using direct theft (by confiscating and then selling the estates of his enemies and those of their families), but the final sentence of the above excerpt from a work of historical fiction reveals more knowledge of how monetary inflation works than is found in the writings of most Keynesian economist
In the end Gallienus decides to pay for the celebrations using direct theft (by confiscating and then selling the
estates of his enemies and those of their families), but the final sentence of the above excerpt from a work of historical fiction reveals more knowledge of how monetary inflation works than is found
in the writings of most Keynesian economist
in the writings of most Keynesian
economists.
«While the momentum for sales activity began improving a few months ago, it may be losing steam after having just climbed back
in line with an average of the past 10 years, said Gregory Klump, chief
economist with the Ottawa - based Canadian Real
Estate...
Dr. Samantak Das, Chief
Economist and National Director — Research, Knight Frank India says, «Though it appears that developers have got a raw deal through RERA, the Act will ensure that serious stakeholders remain
in the real
estate sector
in India and it is a win - win situation for all.
He's not alone
in these claims: Many
economists are also expressing their concern that the real
estate magnate's policies could lead to a global recession.
Matthew Gardner, Chief
Economist at Windermere Real
Estate, covering Seattle, says, «Our strong wage growth is still supporting rising home prices, which when combined with the historically low number of homes for sale
in Seattle, gives home flippers substantial returns on their investments.
According to Aaron Terrazas, a senior
economist at Zillow, the inventory shortage
in San Diego's real
estate market is partly the result of homeowners who are reluctant to sell:
«[Chief
economist Jonathan] Smoke and his team looked at the median number of days homes spent on the market to gauge the supply of homes for sale, and the number of listing views per market to arrive at a list of the 20 hottest real
estate markets
in the country.»
Economists are calling Dallas one of the hottest real
estate markets
in the country.
The general consensus among housing analysts and
economists is that the Bay Area real
estate market will slow down
in 2017.
Led by chief
economist Jonathan Smoke, the economic team at Realtor.com analyzed real
estate conditions
in hundreds of metro areas across the country.
According to BMO Chief
Economist, Douglas Porter, and Senior
Economist, Robert Kavcic, there are a handful of factors that directly or indirectly impact real
estate prices
in Toronto and Vancouver.
Surveys published
in the
Economist magazine over the last few years indicate that the Aussie real
estate market generally is one of the most overvalued
in the world.
The CIBC
economist was one of a number of people who trotted out from the bushes to tell the nation why it would be a bad idea for the government to stop sanctioning 95 % leverage
in the real
estate biz.
Economists at the Bank of Montreal recently drilled down into mortgage payments as a percentage of income
in Ontario, home to the country's hottest real
estate market.
Meantime, last month, a 10 - percent dip
in Lower Mainland home sales offset a 14 - per - cent increase across the rest of the province, reports B.C. Real
Estate Association chief
economist Cameron Muir.
Earl Sweet, senior
economist and managing director at BMO Capital Markets has stated that «After a severe and protracted market downturn
in the 1990s, the commercial real
estate industry
in Canada has been characterized by cautious development and prudent lending practices.»
But after a decade of staggering growth, the housing market
in many Canadian cities is starting to cool — a trend
economists and real
estate experts suggest will continue through 2014.
«Tightened regulations are expected to reduce the number of first - time buyers who qualify for mortgage financing, particularly
in pricier markets, where there is a severe shortage of lower - priced listings,» explained Gregory Klump, chief
economist for the Canadian Real
Estate Association (CREA).
Economists have suggested we would face a rough ride
in real
estate.
ERNESTO SCHUETZ is an
economist and entrepreneur with 20 years of experience
in the manufacturing, real
estate and media industries.
A recently completed passive solar museum
in Ordos, China stands
in a billion - dollar «ghost town,» one of many built on a wave of real
estate speculation that some
economists say may crash soon.
One study conducted by
economists at the University of California, Berkeley and UCLA, found that,
in the California real
estate market, single - family homes with green labels sold at an average premium of 9 % (± 5 %) compared to similar homes from 2007 to 2012.
Our members include lawyers, accountants, tax advisers and fiduciaries, some of whom work
in association with other specialists:
economists, real
estate advisers or financial advisers.
According to an article published on the ReedConstructionData.com website, author Bernard M. Markstein, RCD U.S. Chief
Economist, writes, «New residential construction spending was up a strong 2.3 %... single - family construction spending increased 1.8 % following a 1.2 % rise... multi-family construction spending surged 4.7 % after jumping an almost as strong 4.1 %
in April...» These numbers indicate that residential real
estate is on the rise after a slow building period that spanned several years.
If one looks at the numbers provided by FNB Property
Economist John Loos, «with widespread weakness
in sentiment late
in 2017, showing up
in both Consumer and Business Confidence readings as well as the Rand, it came as no surprise to see households remain a relatively conservative bunch at the time of the fourth quarter 2017 FNB
Estate Agent survey, which was done
in October».
«We've been going around to our offices explaining the current economic situation and telling associates that they must have confidence that things will work out,» explains the CEO of the 450 - sales associate Star Real
Estate in Fountain Valley, Calif. «We're also having the CALIFORNIA ASSOCIATION OF REALTORS ®» chief
economist, Leslie Appleton - Young, speak to our associates
in December to explain today's market and what 2009 will bring.
Ryan McCullough, real
estate economist with the research firm CoStar Group, confirms that there have been more malls sales taking place
in secondary and tertiary markets
in recent quarters, though he points out that investors have been laser focused on occupancy levels
in their acquisition criteria.
Investors are still interested
in buying real
estate overseas markets despite slowing economies, says Kevin White, senior real
estate economist for Boston - based Property & Portfolio Research.
According to Jim Gaines, the chief
economist at the Real
Estate Center at Texas A&M, «
In 2018, Central Texas» housing market will continue to see an increase in both sales and price, despite inventory levels remaining lo
In 2018, Central Texas» housing market will continue to see an increase
in both sales and price, despite inventory levels remaining lo
in both sales and price, despite inventory levels remaining low.
Housing
in these and other areas, however, is becoming less within reach, as record - high rents drive record - high prices, says FAU Professor Ken Johnson, one of the authors of the Index and a real
estate economist.