Tuesday, January 19, 2010
Wisconsin Real Estate Viewpoint Blog
In the cover story for this month's Wisconsin Real Estate Magazine, Stephen Malpezzi shares his outlook on the economy in Wisconsin and beyond. In his article, he mixes the good news with the not-so-good:
"(A) number of observers, not least Federal Reserve Chairman Ben Bernanke and White House advisor Larry Summers, believe the recession is over. But the consensus view at the Graaskamp Center for Real Estate is that it’s too soon to be confident we’re in recovery."Visit the WRA for the full text of his outlook from the January issue.Malpezzi also has an addition to his recommended reading list, "Carmen Reinhart and Ken Rogoff’s masterful This Time is Different: Eight Centuries of Financial Folly."
"House prices are now roughly in line with fundamentals like incomes, interest rates, and rents...But we are concerned that just as house prices overshot going up, they could overshoot going down."
Share your thoughts on the book and the article in the comments.