"(A) number of observers, not least Federal Reserve Chairman Ben Bernanke and White House advisor Larry Summers, believe the recession is over. But the consensus view at the Graaskamp Center for Real Estate is that it’s too soon to be confident we’re in recovery."Visit the WRA for the full text of his outlook from the January issue.
"House prices are now roughly in line with fundamentals like incomes, interest rates, and rents...But we are concerned that just as house prices overshot going up, they could overshoot going down."
Malpezzi also has an addition to his recommended reading list, "Carmen Reinhart and Ken Rogoff’s masterful This Time is Different: Eight Centuries of Financial Folly."
Share your thoughts on the book and the article in the comments.