Wednesday, December 13, 2006

Business Week's 2007 Forecast

Business Week published an article with a forecast for the 2007 real estate market, and it's actually very similar to what I've been forecasting. (It's nice to see people a lot smarter than me agreeing with me. It's also a little unsettleing, since we all know that when too many people predict something to happen, they're usually all wrong!)

It looks like the expectations are for 2007 to be pretty similar to 2006, with a little bit too much supply for the current level of demand. They expect the market to ease back into balance in the 2nd half of the year, and by 2008 we should be in a more balanced market.

Click here to read the article on BusinessWeek's website.
Click here to read the article as a PDF file.