Not exact matches
Pascal Gauthier, an
economist at TD Bank, says the current flock to
real estate is likely a temporary blip caused by not only the low rates, but also the pent - up demand from people who held off buying last fall and winter while they waited to see
if the recession was going to turn into a depression.
Bob Dugan, CMHC's chief
economist, explains that «
real estate markets are inherently local» and that
if there is a correction it wouldn't occur uniformly across the country, or even within a city.
But R.U. Krueger, deputy chief
economist at C.A.R., is one who believes that
real estate could take a hit —
if the stock drop was major.
«Because many people are buying with little downpayment, you're going to see sales volume go up whenever interest rates stay low and price appreciation goes up, even
if people's income isn't rising much,» says Mark Dotzour, chief
economist at the
Real Estate Center at Texas A&M University.
If the second half of 2006 proved to be a tough period for residential
real estate practitioners, «the good news is, the bad news is mostly behind us,» says NATIONAL ASSOCIATION OF REALTORS ® Chief
Economist David Lereah.
This flight to quality — even
if the absolute amount of speculative construction overall is roughly on par with previous years — raises a different question, says Heidi Learner, chief
economist at
real estate services firm Savills Studley.
But
if there's a demand for it in the market, it's a trend we will continue to see,» said Matthew Gardner, chief
economist at Windermere
Real Estate.
But, with that said I'm sure
if he got 10
economist in a room and asked them what they thought the average appreciation for San Diego
real estate would be in 2018 you would get 10 different opinions.
If the
economists are correct,
real estate practitioners can look forward to a strong housing market through the turn of the century.
On the surface, this case is meant to determine
if Canada's largest
real estate board has abused its market dominance, as has been suggested by both former Competition Commission Melanie Aitken and a major study by a U.S.
economist that says TREB is trying to protect traditional GTA realtors from new competition to protect the $ 2.2 billion they made in commissions last year.
Economists welcome Harper promise to collect foreign
real estate investment data A better understanding of international investors and where they are buying in Canada is called «very positive» but no one is uncertain what the data will be used for,
if ownership rules will be brought in place.
But asking a bank
economist or
real estate market insider about the likelihood of a soft landing is like «asking your barber
if you need a haircut,» says George Athanassakos, a finance professor at the Richard Ivey School of Business, who expects a «severe correction,» and soon.