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Showing posts with label real estate outlook 2009. Show all posts
Showing posts with label real estate outlook 2009. Show all posts

Friday, January 2, 2009

Real Estate Outlook 2009

Your 2009 Real Estate Outlook (Mon, Dec 29 2008, 15:07 GMT by Mike Larson)
Construction activity is starting to tank as commercial mortgage credit dries up and the economy slumps. An American Institute of Architects (AIA) index, which serves as a great leading indicator for commercial construction since you need to design a building before you build it, just plunged to a record low of 34.7.

Industry Forecast: Residential Real Estate
The housing market in 2009? It’s anyone’s guess

Rising Unemployment Feeds into Sinking Demand
The grim reality is that skyrocketing unemployment is a major threat to the recovery of the U.S. housing market. And consumers shackled with record levels of debt are unlikely to ride to the rescue this time.