A Quote by Mark Zandi
It is time to move on. House prices won't rise and the economy won't fully engage until more distressed properties are resolved and put back into ordinary use.
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The key to house prices is the share of foreclosure or short sales in the total housing market. When that share rises, house prices will fall, because distressed properties sell for significantly less - currently around 25 percent below non-distressed houses.
Investor demand for distressed property has been healthy, as rents rise to levels that can cover investors' costs while they wait for properties to appreciate. Giving investors a small tax break should further juice up demand, supporting prices for distressed homes and the market in general.
Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall.
There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.
We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.
With the rise of ISIS, our alliance with Turkey is more important than ever before, the ability to have access, to move resources into the region and also, most importantly, to engage Turkey fully in the battle against global terrorism, is - about protecting the American people.
Doing the same things you did when the economy was good is not good enough. You will have to put more coals on the fire in a poor economy to get the same heat you received in a good economy. You must give more energy, more thought, more service, and get into positive thinking material more frequently. Become more selective about who you spend time with. Love a little more, hate a little less. Think about it. You can progressively move on an upward path toward any goal. The choice is yours as to who or what controls you!
Everybody has felt at one time or another that everyone else in the world had a better shot than they did, so when you engage that, you engage the reader, and I think you create a character that brings the reader more fully into the story.
Sustainability is a part of our 'rise' philosophy. You cannot rise if you take more from the community than you put back.
Along with you, I have witnessed the unfortunate rise in gasoline prices that has accompanied the summer driving season and the more recent spike in prices due to Hurricane Katrina.
If we are not more efficient, we put ourselves in a position where prices need to rise or profits deteriorate in a way that makes us less attractive to investors.
It is hard to be enthusiastic about the economy's prospects when house prices are falling: Households spend less, small business owners can't use homes as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears.
Historically, there hasn't been a significant correlation between gold prices and U.S. elections. Furthermore, history has shown that gold prices tend to fall just before U.S. elections and rise immediately after, and this goes on until the next election.
We're more familiar with what economists call an English auction - prices start low and rise as people bid. However, there is also the Dutch auction, where prices start high and go lower until somebody bites. Movies are sold to the audience via a very slow Dutch auction, where each phase between price drops can last weeks or months.
We have to get the tax revenues up. That means we have to get back to a healthy American economy, grow the economy so that you make more money. I make more money, ordinary Americans make more money, and so does the government. That helps lessen the deficit.
In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices breaks through the limit in either direction.
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