Signs that the real estate boom of the last several years is cooling are just about everywhere now, and they are not lost on the real estate industry. The Boston Globe reports:
Economists attending a major real estate conference this week in Boston generally agree on two things: The boom times for building in the United States are due for a slowdown, but it probably won’t be a crash.
That’s the forecast from the Urban Land Institute, a real estate trade group that surveyed dozens of its members — developers and investors who drive the US real estate economy — and found predictions that economic growth, job growth, and real estate price increases would slow over the next few years.
ADVERTISING“It feels like a plateau,” said Andrew Warren, director of real estate at consulting firm PwC, at ULI’s Fall meeting at the Boston Convention & Exhibition Center on Wednesday. “I don’t really see a sharp downturn.”
