Interesting Times

National Real Estate Investor (NREI), 7-13-2011

NREI asked four forecasters to predict the near-term direction of leading indicators. Here are their responses:

1)  Robert Bach Chief Economist, Grubb & Ellis

    Prediction:“The slowdown that we're seeing now is a head fake; growth will be stronger by the fourth quarter.”

2) Victor Calanog Chief Economist, Reis

    Prediction: “Multifamily is the belle of the ball, benefiting from further adversity in the single-family housing market.”

3) Hessam Nadji Managing Director of Research Services, Marcus & Millichap

    Prediction:“We can expect to see a gradual drop in vacancy across all property types.”

4) Ken Simonson Chief Economist, The Associated General Contractors of America

    Prediction: “There will be a major new source of oil by the end of 2011, either a new discovery or the beginnings of expanded production from a Middle Eastern or North African country.”