Posts filed under “Real Estate”
U.S. markets have declined in the new year. This isn’t necessarily a bad thing. When markets go straight up without pause and sentiment becomes excessive, it rarely ends well. A little dose of fear might be a good thing.
Which brings me to today’s listicle. These aren’t forecasts, but events I’d like to see happen. Think of it as my wish list.
U.S. Equities: Nothing goes straight up (or down) forever. The market’s torrid run since early 2009 has been in danger of overheating. As noted, sentiment can get silly at times. A break is deserved, giving earnings time to catch up with prices and make a fully valued market more attractive. I have been calling this the most-hated rally in market history. As my colleague Josh Brown has noted, this is no longer the case.
Wish: U.S. stock markets that are little changed to slightly down. This would be healthy in the long run.
Global Markets: On the other hand, emerging and developed markets in Asia and Europe have been in trouble for quite a while. They need to get their houses in order, which no one expects any time soon. However, Mr. Market never waits for the all-clear whistle. Typically, markets rallying long before improvements are reflected in the economic data. Those who wait for it to be safe are always late to the party.
Wish: A second-half 2015 rally, including the resumption of emerging-market gains.
In the latest “Masters in Business” podcast, I speak with Jonathan Miller, a Bloomberg View contributor and co-founder of Miller Samuel. He blogs at Miller Matrix. Miller is an expert on real estate appraisals and transactions, and runs one of the larger appraisal firms. He has created a variety of real estate data analytics for various regions as…Read More
Housing Market Headwinds John Krainer and Erin McCarthy Federal Reserve Bank of San Francisco. The housing sector has been one of the weakest links in the economic recovery, and the latest data continue to show only modest improvement. One obstacle to a pickup in housing demand has been tight mortgage credit standards. Indeed,…Read More
Under normal circumstances, approving my mortgage application should be a no-brainer: High income, no debt, high credit score. The missus also makes a good income, has an almost-perfect credit score and has been working for the same business for 28 years. But these are not normal circumstances. Let me jump to the end: Yes, we…Read More
The bond market seems to have had its own flash crash this week. The yield on the 10-year U.S. Treasury bond dipped briefly below 2 percent, as panicked equity sellers looked for a safe place to park their cash. Treasuries, of course, are the world’s option of choice, the safest and most liquid port during…Read More