A Wave of Buyers Forecasted Within 18 Months

After attending Urban Land Institute’s recent Recreational Development Panel Discussion in Phoenix, it’s clear that forecasting the future real estate markets is a hot topic in the industry. The panel was consistent in their findings: the economy has made significant improvements, but there is still a long way to go. Panel speakers reached consensus that we have definitely reached the bottom in many markets; however, there are some areas of the country that will continue to have moderate depreciation before full stabilization occurs. Unfortunately the country is still contending with challenges due to housing foreclosures and the lack of growth in the job market.  However, moving towards 2012 and 2013, the panel is more optimistic, anticipating a surge in activity…