RESI in the News
If Amazon HQ2 Comes to Maryland, High Housing Prices, Low Inventory Will Only Get Worse
Baltimore Business Journal, 04/24/2018
A trade war with China could significantly impact the greater Washington region due to imported goods from China through the ports in Baltimore and Norfolk. According to RESI's Chief Economist Dr. Daraius Irani, consumers will see higher prices because "costs are going to be partially absorbed by the companies and then on to the consumer." Dr. Irani also notes that, "Tariffs are not a good tool to achieve [President Trump's] objective, which is to limit the intellectual property issues that China may be pursuing. This is akin to using a sledgehammer to put a picture up on the wall. Tariffs could have the potential of having a severe dislocating effect for our economy, and actually cause the economy to slow down and perhaps even enter into a period of negative growth."