[The long-term demographics for housing are encouraging, as well.] The important thing is that the Echo Boomers are coming into home ownership years, ... They will be moving into the market and adding stability. |
Because countries trying to join the European Union have been forced to get their fiscal policies in order, inflation is now less of a concern for investors. |
Most people were projecting that interest rates would go up and the housing market would be hit, |
Some markets still seem overpriced based on fundamentals, and [in those places] we expect prices to decline or taper off. |
The developed world is experiencing an amazing housing boom. |
There's a feeling of 'buy it today or don't buy it at all' because you'll miss the market. |
This is not a bad thing for the community. This is a good thing. |
This kind of volatility is to be expected in markets with supply inelasticity, |
This kind of volatility is to be expected in markets with supply inelasticity. |
You want the wage base and the job base to adjust to the housing reality, |