Home and rental prices ordspråk
Home and rental prices will come back together by home prices falling. I don't think landlords will be in any position to raise rates too much.
Dean Baker
It hasn't been necessary to raise my prices. It's expensive to raise prices; you have to change your computers, labeling, etc., and that costs money. Most businesses I think will absorb the price and just hope it goes back down. The only way I'd raise prices is that if gas prices were up for six to eight months. Then I'd probably raise them because of the deliveries we make.
Robin Myers
The economy will slow next year. On the plus side we have falling gas prices but that decline won't be enough to offset falling home prices.
Peter Morici
We're building at a 2 million-a-year pace, which is more than demand, and we're going to keep building at that pace until home prices correct, ... It's already showing up in the rental market, oversupply is pushing down rental prices.
Dean Baker
There is further weakness ahead for consumers. House prices are falling, home construction is soft, consumer confidence is down and oil prices have risen.
Jarrod Kerr
Not only do you not own any of your home, but you may be piling up additional debts that could quickly exceed the value of the home. There are no guarantees that rates will remain at comfortable levels and no guarantee that home prices will continue to go up.
Keith Gumbinger
As home prices level off, so will the growth of equity that has supported consumer spending in the past. The impact from higher interest rates on home equity loans and adjustable rate mortgages will combine with stubbornly high energy prices to squeeze discretionary spending.
Robert McGee
There's an issue lurking that is new to us, and that is the rapid escalation of home prices. Last year, we moved above the national average (in home prices). It won't stop people moving here, but they're going to live further and further out, so far out that their commute represents a significant part of the day and freeway congestion. We'll suffer growing pains as a result of housing prices.
Lee McPheters
For so long, an individual who owned a small business or had influence over pricing somehow, would say, 'Prices aren't rising, so we can't raise prices, either.' Now they can see, with this data and through anecdotal evidence, that others are raising prices, and they may feel they can raise their prices now.
Anthony Crescenzi
These high energy prices are beginning to spill over into the rest of the economy. Finally, airlines are able to raise ticket prices and hotels are able to raise room rates and on and on.
Nariman Behravesh
There is no economic justification to raise rates. There is no sign that prices can go up much in this competitive environment? Raise rates or not raise rates, I feel that the market will continue its appointed rounds on the up side.
Al Goldman
That's what will keep crude oil prices above $60 a barrel for this year and keep gasoline prices from falling to $2 a gallon. We are forecasting prices to go back up this summer ... above $2.50.
Doug MacIntyre
Hawaii's home prices suffered in the 1990s because of economic trouble in Japan. If home prices in California reverse, it will have ripple effects.
Dean Baker
Hawaii's home prices suffered in the 1990s because of economic trouble in Japan, ... If home prices in California reverse, it will have ripple effects.
Dean Baker
[The CPI report also showed that the cost of owning a home rose 0.1% in September.] Need I detail how silly this is? ... Home prices are up dramatically, and recently we see that mortgage rates have ticked up significantly.
Barry Ritholtz
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