Real Estate Views

"We estimate that the [2005 bankruptcy] reform caused about 800,000 additional mortgage
defaults and 250,000 additional foreclosures to occur in each of the past several years –
thus contributing to the severity of the financial crisis."

Wenli Li and Michelle J. White (Winter 2009)

Pending Resale Home Index
National Association of Realtors

New Home Sales
U.S. Census Bureau

U.S. Construction Spending
U.S. Census Bureau


Harvard Report on Housing

Little Evidence of Upward Trend in Housing
Dean Baker (Summer 2009)

Hedging Real-Estate Risk
Frank J. Fabozzi, Robert J. Shiller, and Radu Tunaru (Summer 2009)

Is the Real Estate Bust Over?
Ludwig von Mises Institute (Spring 2009)

Outlook for U.S. Housing Starts, 2009 -  2012
Congressional Budget Office (Fall 2008)

Does Mortgage Debt become Unemployment Insurance in Hard Times?

"We're not really in a quote 'credit crunch.' I think what we are in is a 'confidence crunch.'"
- Sam Zell (Fall 2007)

The Bubble, Deflation, and Implications for Real Estate


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