Forecast and Trends
In general, we can say that the forecast for real estate in 2008 is going to be relatively flat. Short-term flippers and investors have left the market. The investors now entering the market are those wanting to snatch up foreclosures and short sales. Investors will have to hold on to these properties for 12 to 18 months which will have an impact on the rental market. Looking forward, there are dampened expectations for GDP growth, which will affect all sectors of the economy. Sales growth will remain in the positive territory. It’s not expected to have much negative impact on national retail chains.