Dr. Peter Linneman, NAI Global's Chief Economist, has released his latest white paper, "The Tale of Two Cycles" that includes:
- Why every real estate cycle is similar
- Why in the crashes of the early 1990's and 2009, there was an abundance of supply for too little demand
- Why both crashes offer distinctive features and lessons for the future
- How development booms were fueled by easy money
- Why, in any crash, there are winners and losers
Click here to view and download "The Tale of Two Cycles."