..."If you think there's a chance you're going to have to move in the next year or two or three to find a job in another part of the country, then I think buying a house is a very risky bet," Richard Green said. "If you have really long horizons at the moment, I think we're pretty much there [in terms of prices]. Let's put it this way: If I were a new assistant professor and had no idea if I was going to have a job in six years, I'd be renting."...
..."I think the early evidence suggests that there really was a market for the Downtown product, but what's happening is that with the pricing being so aggressive by the builders and with softening of both the general economy and the credit markets, that pool of potential home buyers has shrunk considerably," Raphael Bostic said...