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Delusional Home Buyers and Other Real Estate News

I have a new article this morning at (here) about the expectations of home buyers being unrealistic.  More than half expect returns greater than for the housing bubble.  Some them are expecting far greater returns.

A comment in the article says that if these expectations are met, that the inflation adjusted returns may be negative.

The article also reviews a number of news items from around the world, for both residential and commercial real estate.  Read it here.

An article by Nick Timiraos in The Wall Street Journal (here) has a graph that illustrates one of the points made in my article about foreclosures "moving up the food chain":