Take Real Estate Center Chief Economist Dr. Mark Dotzour, for example.
"We shouldn’t view this renewed softness in the economy as another downturn but just a continuation of the recession that was interrupted by a trillion dollars in federal stimulus that temporarily interrupted the cycle," Dotzour said recently at the US Real Estate Opportunity and Private Investing Forum in New York.
He said this is the necessary and final stage of the recession where government at federal, state and local levels is finally rightsizing by reducing spending and employment to more sustainable levels.
"Households and businesses have already done this," Dotzour said. "Once this adjustment to sustainable levels of government spending and employment is reached, then we will begin the slow process of real economic recovery."
Mark Fuller is a leading real estate professional specializing in Luxury Homes In Houston Texas.