Year-over-year figures may look bad, but that’s because 2013 was an anomaly

September 2, 2014

Bloomberg View’s real estate columnist Jonathan J. Miller asserts that when it comes to year-over-year comparisons, 2013’s economic fundamentals such as income, employment, and credit were an anomaly, which makes this year’s market activity not as bad as analysts may think. With supplies up and sales slowing down, Miller argues that the result will be more modest and sustainable price increases.