15 ordspråk av David Stiff

David Stiff

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 I'd be most concerned in places where housing affordability is an issue because the effects of rising interest rates are even more pronounced.

 I've given up trying to guess where interest rates will go.

 If your goal is to find a place to live, don't worry about timing.

 In Boston, all of these zip codes are far from downtown. They are former mill towns that are having a resurgence in price because they're so affordable.

 In cheaper markets interest rates probably won't matter as much as the local economy. These are places where new supply matches new demand, and you just have steady appreciation.

 It's so hard to time the real estate market. You should see all the spreadsheets.

 The demand for apartments may come from a different group of people. After the dot-com crash in Boston, rents started falling because unemployment rose faster among a group of people that was more inclined to rent.

 The problem with migration numbers is they come out too late.

 The risk is much less in a city like Des Moines. You're much more likely to sell a house at a higher price than what you paid.

 The zips that did the best were right in the city or in the outlying areas. People are being pushed into the inner city or out toward the suburbs.

 There is huge demand for waterfront homes. Right now, if you look at the Florida coast, the Jersey shore you see second-home buying driving appreciation.

 These economies are doing well and weathered the recession well. And in Miami and L.A. the housing booms happened later than other parts of the country.

 Things have also been slowing down a little in Boston.

 We considered this trend to be unsustainable because so many households were already priced out of the Bay Area market and the prospects for the local economy were not good, so we adjusted the forecast to 7.5 percent.

 Zip codes in vacation areas seem to be doing well. It follows the anecdotal evidence I've heard about vacation home buying.



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