Quote of the week

“People freak out about high food and gas prices, but high home prices are good? It doesn’t make sense. In the long run, prices will be in line with people’s incomes.” — Christopher Thornberg, economist with Beacon Economics, in an interview for a story in an upcoming January 2009 issue of HousingWire Magazine.

We’re hard at work on the next issue, already. Wanted to share this quote with all of you. Also, don’t forget to take our survey on the industry’s 2008 word of the year. Click here to take the survey — don’t leave your suggestion for word of the year in the comments — and thanks for your support, all.

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3d rendering of a row of luxury townhouses along a street

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