Is 2013 the year the economy and real estate markets begin to rise? Stephen Malpezzi, a Professor at the James A. Graaskamp Center for Real Estate Wisconsin School of Business, gives his thoughts in this article published in Wisconsin Real Estate Magazine.
As I write the Graaskamp Center’s annual note to our friends at the WRA, news junkies like myself are toggling between compelling stories of human tragedy, including the December 14 massacre at Sandy Hook, and what AT the moment seems A less compelling-than-usual story of the economy. Mark Twain gave good advice when he said “write what you know”; so I’ll simply note the pain we’re all feeling, then focus on the economy. Once we return our attention there, there’s a lot to focus on!Follow us twitter.com/buywisland
In last year’s outlook, “Déjà vu All Over Again,” I noted:
“… we’re back to prices at or near fundamentals; employment is growing, albeit slowly; … I see another year of flat-to-modest growth in housing prices, with some downside risk if a big chunk of the “foreclosure glut” hits the market, though this will be less of a problem here than in the ‘sand states.’ If we did see further declines, these would, in the main, be temporary overshooting until we work through the foreclosures and other distressed sales.”
Full Story A Healing Market, Some Risks Remain
