Renter and Owner Confidence in Fast-Growing Housing Markets ‹ Zillow Real Estate Research

Posted by Me on Facebook on December 19, 2014 at 06:51PM:



---

Source:

http://bit.ly/13KIhmK

Description:

Research in behavioral economics has shown peoples’ expectations about the future are strongly anchored in recent experience. Rapid asset price growth can contribute to what has sometimes been labeled “irrational exuberance” – overly optimistic and self-perpetuating positive feedback in price trends…