He anticipates four to six years of the real estate market flushing prices to try to get them back to realistic rates.
High prices for the precious metal, price volatility, a fragile labor market, depressed real estate prices and volatile stock market all contributed to hesitant consumer demand and fragile consumer confidence, WGC said.
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Fueled by low interest rates and a flood of money from wealthy Chinese, Hong Kong's real-estate market has boomed, with residential prices up 120% and commercial real-estate prices up 90% since the start of 2008, according to government data.
Still, these individual investors confirmed the mantra that the institutional investors have been spouting repeatedly: that the current real estate market with its low prices and rising rental rates represents a prime opportunity for purchasing rental properties.
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After a meteoric 165% rise in prices over three years, the real estate market slowed slightly in 2012, but prices continue to go up.
Condominiums are suffering the same fate as the overall housing market and declining real estate prices are clearly not a plus for Mr. Trump's net worth.
Paying attention to the vagaries of the local real-estate market, where inventory and prices can fluctuate week to week, will offer more guidance to sellers than simple seasonal trends.
Last month, Singapore made it harder for foreigners to invest in its real estate market and one insider told me he thinks that law will cut real estate prices there 30%.
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The real estate market in Hong Kong is extremely robust and prices are on the rise.
Wall Streeters typically keep the high-end real estate market buoyant in New York, and indeed prices in the city have resisted the national weakness, at least until recently.
Following a generational boom, turmoil in real estate market over the last five years torpedoed home prices by as much as 40% in many regions of the U.S., and sank investor confidence along with it.
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Of course, by the time the credit market blew up in 2007 and real estate prices crashed, it was too late.
Any moves by the Fed to shrink its balance sheet, thereby withdrawing liquidity from the real estate market, would add significant downward pressure to home prices.
Chinese real-estate prices vary greatly among locations and by market segmentation, and analysts differ on the extent of the market correction since tightening began in 2010.
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Investors are watching the real estate market closely, with Barclays Capital saying recently that if prices continued to rise it would put pressure on the economy as the government would be required to put restrictions on lending.
Foreign-investor interest in the American real-estate market began during the housing crisis, when plummeting property prices turned the U.S. into an attractive target for buyers around the world.
But he said such misperceptions and complaints about shortages and high prices have been staples of the Manhattan real-estate market for 100 years.
He noted that with rising energy prices and companies cutting back on space, the commercial real estate market must start innovating.
When inflation subsides so do prices, and nowhere have they ebbed more than in the real estate market.
Interest rates are at historic lows, real estate prices are much lower, supply is plenty, yet the real estate market is not turning around.
According to the IMF, there does not appear to be significant over-valuation of residential real estate prices in China as a whole, though there are signs of overvaluation in some market segments.
With property prices starting to soar, the government last month stepped up its controls of the real estate market, vowing to levy a 20 per cent capital gains tax to thwart speculators.
Readers likely remember that the stock market already crashed in 2007-08, from over 6000 to 1700, and that real estate prices in major cities dropped 20-30% in 2008 after the government took measures reduce liquidity and then the financial crisis hit.
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