We expected what we are seeing in the third quarter data, which is a moderating of appreciation that, over time, is likely to bring prices back into line with the economic fundamentals that support them, particularly incomes.
More Quotes from Mark Milner:
The risk of price declines has increased somewhat, but the national and local economies remain strong, which should support a gradual return to an economic climate characterized by slow, steady appreciation.Mark Milner
What we're anticipating is a soft landing nationally. The markets will be coming back to their long-term average, which is a 4 percent to 6 percent (annual) appreciation rate.
Mark Milner
This dropped to 95 percent with a seven-year ownership term and to 92 percent with a five-year ownership term -- still a pretty impressive rate. Home ownership clearly can be an important strategy for building wealth over the long term.
Mark Milner
In the long run, home prices and incomes have a balance to them, and right now in the Bay Area, it appears they've gotten out of balance.
Mark Milner
In a number of areas, particularly on the coasts, they have a high risk of price declines in the next two years.
Mark Milner
Readers Who Like This Quotation Also Like:
Based on Topics: Economics Quotes, Time QuotesBased on Keywords: moderating
In a mad world, only the mad are sane.
Akira Kurosawa
The world hates us, but the bottom line is we're gonna have to show the world why they hate us by bombing the hell out of some people that have been hurting us. That's all. That's the end of it.
Jimmie Walker
New links must be forged as old ones rust.
Jane Howard