[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$ff6nU1Wq-c2tuVfsYdMP77i4FSsWe5As5T6Fr9MaRAfw":3,"$fG0oSfFeoNoGg48vVr8iFvnystSM9wISko2TKt43lr3g":12},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"slug":10,"image_url":9},165096,"Mark Milner","M",10,null,"mark-milner",[],{"quotes":13,"pagination":122},[14,27,38,49,60,71,82,93,102,113],{"id":15,"quote_text":16,"author_id":5,"source_id":17,"has_image":18,"author":19,"source":20,"quote_tag":21,"commentary":9},2057033,"In the long run, home prices and incomes have a balance to them, and right now in the Bay Area, it appears they've gotten out of balance.",4,false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[22],{"id":23,"tag":24},5043650,{"id":25,"tag_name":26},97489,"appears",{"id":28,"quote_text":29,"author_id":5,"source_id":17,"has_image":18,"author":30,"source":31,"quote_tag":32,"commentary":9},2057027,"In a number of areas, particularly on the coasts, they have a high risk of price declines in the next two years.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[33],{"id":34,"tag":35},5043642,{"id":36,"tag_name":37},291247,"declines",{"id":39,"quote_text":40,"author_id":5,"source_id":17,"has_image":18,"author":41,"source":42,"quote_tag":43,"commentary":9},2057019,"This dropped to 95 percent with a seven-year ownership term and to 92 percent with a five-year ownership term -- still a pretty impressive rate. Home ownership clearly can be an important strategy for building wealth over the long term.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[44],{"id":45,"tag":46},5043637,{"id":47,"tag_name":48},8128,"building",{"id":50,"quote_text":51,"author_id":5,"source_id":17,"has_image":18,"author":52,"source":53,"quote_tag":54,"commentary":9},2057008,"These non-traditional loans transfer risk to the borrower.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[55],{"id":56,"tag":57},5043626,{"id":58,"tag_name":59},13709,"loans",{"id":61,"quote_text":62,"author_id":5,"source_id":17,"has_image":18,"author":63,"source":64,"quote_tag":65,"commentary":9},2056997,"The risk of price declines has increased somewhat, but the national and local economies remain strong, which should support a gradual return to an economic climate characterized by slow, steady appreciation.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[66],{"id":67,"tag":68},5043612,{"id":69,"tag_name":70},5217,"climate",{"id":72,"quote_text":73,"author_id":5,"source_id":17,"has_image":18,"author":74,"source":75,"quote_tag":76,"commentary":9},2056985,"The risks are going up nationally, but they're mitigated by a strong labor market and strong economy.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[77],{"id":78,"tag":79},5043599,{"id":80,"tag_name":81},290347,"economy-and-economics",{"id":83,"quote_text":84,"author_id":5,"source_id":17,"has_image":18,"author":85,"source":86,"quote_tag":87,"commentary":9},2056971,"We expected what we are seeing in the third quarter data, which is a moderating of appreciation that, over time, is likely to bring prices back into line with the economic fundamentals that support them, particularly incomes.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[88],{"id":89,"tag":90},5043586,{"id":91,"tag_name":92},3396,"appreciation",{"id":94,"quote_text":95,"author_id":5,"source_id":17,"has_image":18,"author":96,"source":97,"quote_tag":98,"commentary":9},2056954,"We knew the kid of appreciation we had been seeing in some markets was not sustainable over the long term.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[99],{"id":100,"tag":101},5043573,{"id":91,"tag_name":92},{"id":103,"quote_text":104,"author_id":5,"source_id":17,"has_image":18,"author":105,"source":106,"quote_tag":107,"commentary":9},2056941,"We expect to see the continuation of the slowing trend in many markets.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[108],{"id":109,"tag":110},5043551,{"id":111,"tag_name":112},2566,"expect",{"id":114,"quote_text":115,"author_id":5,"source_id":17,"has_image":18,"author":116,"source":117,"quote_tag":118,"commentary":9},2056916,"What we're anticipating is a soft landing nationally. The markets will be coming back to their long-term average, which is a 4 percent to 6 percent (annual) appreciation rate.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[119],{"id":120,"tag":121},5043536,{"id":91,"tag_name":92},{"currentPage":123,"totalPages":123,"totalItems":8,"itemsPerPage":8},1]