Not exact matches
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.
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.
«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.
«The crash is over,» Mark Zandi, chief
economist for Moody's Analytics Inc.,
told Bloomberg about the real
estate market.
Cameron Muir, chief
economist for the B.C. Real
Estate Association, meanwhile
told The Vancouver Observer on June 5 that linking immigration to property prices «is beginning to sound suspiciously awkward.»