http://www.dribinconsulting.com
dribin's affordable housing blog
Predictions are foolhardy(the best discusssion of this is in the book The Black Swan). Nevertheless I am obliged for clients and readers to offer some thoughts about the housing and commercial real estate situation for 2012.
Sales of residential housing will gradually improve, but prices will remain lower.
Apartment will boom. Demand will continue to increase, people need to live somewhere.
Interest rates will remain very low.
Commercial real estate, office and shopping malls are in terrible shape. Banks have kept the lid on by not foreclosing. If banks moved ahead to hammer commercial real estate as they had residential, we would easily go back into a serious recession.
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