Mark Milner
Mark Milner
appears balance bay gotten home prices
In the long run, home prices and incomes have a balance to them, and right now in the Bay Area, it appears they've gotten out of balance.
loans risk transfer
These non-traditional loans transfer risk to the borrower.
declines high next number price risk
In a number of areas, particularly on the coasts, they have a high risk of price declines in the next two years.
climate declines economic economies gradual increased local national price remain return risk steady support
The risk of price declines has increased somewhat, but the national and local economies remain strong, which should support a gradual return to an economic climate characterized by slow, steady appreciation.
appreciation bring economic expected likely line prices quarter seeing support third
We expected what we are seeing in the third quarter data, which is a moderating of appreciation that, over time, is likely to bring prices back into line with the economic fundamentals that support them, particularly incomes.
expect slowing trend
We expect to see the continuation of the slowing trend in many markets.
appreciation coming landing markets percent soft
What we're anticipating is a soft landing nationally. The markets will be coming back to their long-term average, which is a 4 percent to 6 percent (annual) appreciation rate.