Thursday, June 16, 2005
A look at future of housing -- Kathleen Pender, San Francisco Chronicle
A look at future of housing: "Five chief economists from the real estate and mortgage industries gave their midyear housing outlook Wednesday. Not surprisingly, they were all bullish on housing, some more than others.
'Yes, there is froth in the markets, but you know froth can be healthy,' said David Lareah, chief economist with the National Association of Realtors. 'It's not a bad word. And unfortunately the media, I think, has really been carried away with the word 'froth,' just like they were with 'irrational exuberance' in the stock markets. ... I could think of froth as effervescence rather than some popping of bubbles.'"
'Yes, there is froth in the markets, but you know froth can be healthy,' said David Lareah, chief economist with the National Association of Realtors. 'It's not a bad word. And unfortunately the media, I think, has really been carried away with the word 'froth,' just like they were with 'irrational exuberance' in the stock markets. ... I could think of froth as effervescence rather than some popping of bubbles.'"
