Ryan Boykin was interviewed by Bloomberg Briefs Municipal Market on the national real estate outlook.
When asked whether any cities on the The S&P CoreLogic Case-Shiller index had property values that looked over priced, Boykin says, “My first comment is there was not a single city in the index that depreciated. We see that trend quite a bit in terms of the index as a whole. And I’m always fascinated by this — that cities either move up or down together and how interlinked real estate is.
Now, on a national level, you have 5.5 percent appreciation year-over-year. And while that’s less than economists had predicted, it’s still well above the 50-year average, which is 4 percent appreciation. So real estate is doing very well.”