The developed world is experiencing an amazing housing boom.
Susan Wachter
[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.
home encouraging ownership moving market stability important echo thing
Some markets still seem overpriced based on fundamentals, and [in those places] we expect prices to decline or taper off.
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.
order concern inflation
Most people were projecting that interest rates would go up and the housing market would be hit
people market interest
You want the wage base and the job base to adjust to the housing reality
reality job
This is not a bad thing for the community. This is a good thing.
community good bad thing
world amazing
This kind of volatility is to be expected in markets with supply inelasticity
kind
There's a feeling of 'buy it today or don't buy it at all' because you'll miss the market.
today feeling market
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