Where Are We Exactly in the Cycle?
As the current economic expansion moves ahead in 2005, the key issue for real estate is simply this: Will the normal relationships between overall economic...
REIT Investors Get the Jitters
The irrational disconnect between the earnings performance of real estate investment trusts (REITs) and their share prices is occurring once again. As...
REITs Evolve into Entrepreneurs
Real estate investment trusts (REITs) were originally developed to overcome difficulties that small investors encountered when putting money into commercial...
Investor Bias Favors Real Estate in 2004
Prices of well-occupied real properties and REIT shares have done well during the past two years, despite deteriorating space market conditions. One reason...
Bracing For A Squeeze Play
As 2003 nears its end, the key issue for commercial real estate is a potential disparity in timing between increases in interest rates and lagging demand...
The Problem of Low Interest Rates
With the U.S. Treasury 10-year bond interest rate around 4% and shorter-term rates even lower, most real estate practitioners are rejoicing. But low rates...
Bleak Outlook for Property Markets
Although many economic observers believed that a quick U.S. victory in the war against Iraq would cause a surge in U.S. stock prices and rapid recovery...
Powerful Effects of Elasticity
Many real estate markets are affected by an aspect of consumer behavior and sometimes supplier behavior that involves people making rapid, often unexpected,...
Don't Expect a Turnaround In the Property Markets in 2003
Although many Americans classified the U.S. economy as poor in 2002, real Gross Domestic Product (GDP) in reality grew more than 3%. Moreover, the unemployment...
