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Real Estate
The Real Estate Adviser |
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October 26, 2006
The Real Estate Adviser: Housing due for a fall but there's still value
By TOM KELLY
Special to the Journal
Special to the Journal
While national housing economists concur that the next wave of homebuyers will be focused more on “shelter” rather than “investment” — and steer away from exotic mortgages with more conventional financing — they believe there's still plenty of value in housing.
“We need to separate the investors from the speculators,'' said John Tuccillo, former chief economist for the National Association of Realtors and now an industry consultant. “The flippers are getting out but the real investors with deep pockets still see tremendous value in some of the price drops around the country.''
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Previous columns:
- The Real Estate Adviser: You could grow old waiting for rates to fall, 10-19-2006
- The Real Estate Adviser: Job growth will keep housing healthy here, 10-12-2006
- The Real Estate Adviser: Don't confuse equity sharing with skimming, 10-05-2006
- Real Estate Advisor: This real estate scam starts with shabby yard, 09-28-2006
- The Real Estate Advisor: Dream home not for sale? Two ways to make an offer, 09-21-2006
- The Real Estate Adviser: New reverse mortgage for higher-value homes, 09-14-2006
- A college rental need not be 'Animal House', 09-07-2006
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