Posted by Leonard Steinberg of URBAN COMPASS on December 23rd, 2014

The Dow has sailed past the magical 18,000 number and it shocks me that some are surprised by this…..surely strong 5% Third Quarter US economy growth figures combined with a US consumer ‘tax rebate’ in the form of much cheaper gas, combined with low interest rates, combined with emerging market wobbles would do it?

Wait what comes next when the Fourth Quarter results for 2014 come out showcasing the full effects of a full quarter of cheap gas on US consumption….. I would bet on a strong first quarter for 2015 real estate!