To its credit, the Federal Reserve Board “just did it,” lowering the federal funds rate by a half percentage point to 4 percent. It was a stellar shot that won the applause of both Wall Street and Main Street the Fed’s chair ignored the inflation mongers who, like Chicken Little, warned that the sky was falling.
Real estate generated top returns for investors in 2000, and 2001 is shaping up to be another good year, despite the slowing economy. That promises to keep investment opportunities hot for savvy market watchers, paving the way for strong sales as practitioners make hay while the sun shines.
The Bush administration promises to drive change through the economic landscape by shuffling our nation’s fiscal priorities toward a more conservative agenda than that of the Clinton administration. Is that the right course for keeping the economy pointed in a healthy direction?
Economists are starting to utter that r word again, but whether it stands for recession or resurgence depends on the day of the week and the position of the stars. One thing that’s certain, though, is the healthy position of real estate to weather whatever the economy whips up, analysts say.
The dizzying ascent in world oil prices threatens to turn the good times into bad for the U.S. economy--and our housing markets could get caught in the middle as policy bodies attempt to keep the oil situation in check.
Today’s information economy has the real estate world by its not-so-gentle hands. But unlike others in the industry, real estate practitioners are in a position to master the new flow of information. What are the challenges ahead?
Practitioners must complete the transformation from information providers to knowledge providers they began when the Internet arrived. Otherwise, they’ll be competing with the Internet rather than capitalizing on it, David Lereah told REALTOR® Magazine in a recent interview.
When it comes to the “new economy,” there’s really less that’s new than the media hype suggests. That’s certainly the case with the real estate industry, which has been as quick as any industry to capture what’s best in the brave new world of the dot-coms without losing sight of the “old economy” infrastructure that can’t be replaced.
With interest rates rising and other key indicators such as gas prices moving upward, you’d think the residential real estate market would be due for a rough ride in the year ahead. But pieces remain in place to keep sales going at a relatively robust clip.