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Joe Stocks

03/03/03 11:46 AM

#82140 RE: jetcityrandy #82105

Try this link. It's the one Culmus provided. All the reports are interesting.
http://www.realtor.org/Research.nsf/pages/presentations_use

Joe
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Culmus

04/30/03 5:46 AM

#102897 RE: jetcityrandy #82105

jetcityrandy

apologies for coming back to your post so late, I only now figured out that there is a list of answers to one's own posts when checking the MailBox.

I believe it is remote to ponder a 20 million potential supply/demand gap out to 2030-2040. The US continues to be an immigration country, 20 million additional people are getting into the country in a matter of a lot less time. Check this out, an increase of 20 million of the civilian noninstitutional population just between 1997 and 2003:

http://research.stlouisfed.org/fred/data/employ/cnp16ov

Real estate cycles appear to be shorter, maybe in the 5 to 8 years time range. I don't think such a huge supply/demand gap will ever develop but it should be more of a moving adjustment, and that adjustment customarily comes through prices. At this point in time I think it is very likely that the housing price increases of the last few years should slow down markedly. FWIW.

Culmus