Lereah Speaks to Jersey Realtors
He has been pretty bullish about the housing market, but then again, realtors pay his salary. Over the past few weeks though, he has started to add to his comments the realization that there are a few imbalances in the real estate. In short, he seems slightly less bullish now then he did this past winter and early spring.
If you are just starting to follow all the articles and broadcasts and blogs about the real estate bubble, you are going to hear alot from this guy in the coming months.
[The housing market is not a bubble waiting to burst, but a full balloon that will gradually leak air, an economist told a group of North Jersey real estate agents Friday.
"I believe we have more oomph in real estate for the remaining years of this decade," said David Lereah, chief economist for the National Association of Realtors, who spoke at a Park Ridge meeting of the RealSource Association of Realtors, a Waldick-based group of 3,100 real estate agents.]
If you are just starting to follow all the articles and broadcasts and blogs about the real estate bubble, you are going to hear alot from this guy in the coming months.
[The housing market is not a bubble waiting to burst, but a full balloon that will gradually leak air, an economist told a group of North Jersey real estate agents Friday.
"I believe we have more oomph in real estate for the remaining years of this decade," said David Lereah, chief economist for the National Association of Realtors, who spoke at a Park Ridge meeting of the RealSource Association of Realtors, a Waldick-based group of 3,100 real estate agents.]
posted by Little_Silvered at 6:58 PM
1 Comments:
I don't know what Atlantic City looks like now,but the last time I was there it wasn't anyplace I would want to live.It seemed that just a couple blocks past the casinos was the DMZ and you took your chances.Bettie Davis would say "what a dump" Just found your blog and as an ex-Philadelphian I will keep checking back
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