STATEMENT: February 8th Event To Address "Real Estate Bubble" In US Market

Release Date: 
January 31, 2005

New York, NY — Demos: A Network for Ideas & Action announced today that the Demos Forum on February 8, 2005, will address the growing concern about a "housing bubble" in the US real estate market — and the economic crisis that could follow if it bursts.

Over the last five years, real estate prices have risen by 45 percent across the nation. Housing prices have risen by 94 percent in California, 70 percent in New York, and 97 percent in Washington, DC. Despite mounting evidence of an inflated market, Federal Reserve Board Chairman Alan Greenspan stated in October 2004 that "fears of a speculative bubble in housing prices were exaggerated."

We invite you to join us on February 8 for a discussion about the potential "housing bubble" with leading experts on economic trends in real estate and homeownership:

Dean Baker is Co-Director at the Center for Economic and Policy Research.

Barbara Corcoran is Founder and Chairman of the Corcoran Group in New York.

Jonathan McCarthy is a Senior Economist at the Federal Reserve Bank of New York.

The Demos Forum
February 8, 2005
Noon - 2:00pm

220 Fifth Avenue
Fifth Floor
New York, NY

Lunch and refreshments provided.

RSVP TO: TRUSCH@DEMOS-USA.ORG

220 Fifth Avenue is located near the corner of
Fifth Avenue and 26th Street.
Take the W or R train to 28th Street.

For more information, or to schedule an interview with one of our featured panelists, Demos President Miles Rapoport, or House of Cards author Javier Silva, please call Tim Rusch at (212) 389-1407.

Demos: A Network for Ideas & Action is a national, nonpartisan public policy organization based in New York.

The Demos Forum: Ideas for Change event series features prominent authors, scholars, advocates and others who address the growing need for universally shared economic opportunity and eliminating structural barriers that prevent full political participation.

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