We are pleased to release a white paper authored by Dr. Peter Linneman, NAI’s Chief Economist. The topics covered by this paper, “The Tale of Two Cycles”, include:
· Why every real estate cycle is similar yet different.
· Why in the crashes of the early 1990s 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.
Please CLICK HERE to view and download Dr. Linneman’s recent white paper, “The Tale of Two Cycles.”