Above, CoreLogic Chief Economist Selma Hepp.
Photo credit: AJ Canaria
WASHINGTON D.C.—The economy right now is “weird.” It also might be on the verge of some big changes.
In contrasting, high-profile addresses delivered at RISMedia’s CEO & Leadership Exchange Sept. 5, two of real estate’s most prominent economists gave an audience of top brokers, executives and MLS leaders a break from hearing about the National Association of REALTORS® (NAR) settlement agreement to delve into data that is suggesting the future of housing could look very different from now, or anytime in the past.
“When you look back at 40 years of economic trends by almost every metric, the conditions that we’re in right now are weird,” said Lisa Sturtevant, Bright MLS chief economist. “If you’re going to try and use where we are now to predict where we’re going to go in the future, you’re going to be in trouble.”
Although the recently implemented changes have remained the focus for …