Not exact matches
As I mentioned earlier, business investment collapsed during the Great Recession, and its much -
weaker - than - expected recovery since, despite
historically low financing
rates, has been a major source of disappointment in advanced economies.8
But as Bernanke noted: «Despite this improvement, the job market remains
weak overall: The unemployment
rate is still well above its longer - run normal level,
rates of long - term unemployment are
historically high, and the labor force participation
rate has continued to move down.
By now, everyone knows the story: Throughout the recovery, home values rebounded strongly and income growth (until very recently) has been
weak at best — leading to a housing affordability pinch for many, particularly renters unable to take advantage of
historically low mortgage interest
rates.
Multifamily markets have been in a
weak patch over the last three years as renters took advantage of
historically low interest
rates to move into homeownership.
«What we've seen
historically is that REITs have more often had strong positive returns than
weak or negative returns when interest
rates are going up,» Case noted.