The Urban Land Institute recently released their forecast and statistics for the housing industry in 2013. A turnaround beginning this year, albeit a slow beginning with 2013 showing more positive increases in value.
WASHINGTON (March 28, 2012) — A new Urban Land Institute survey of 38 leading real estate economists and analysts from across the United States projects broad improvements for the nation’s economy, real estate capital markets, real estate fundamentals and the housing industry through 2014. The findings, released today, mark the start of a semi-annual survey of economists, the ULI Real Estate Consensus Forecast, being conducted by the ULI Center for Capital Markets and Real Estate. The survey results show reason for optimism throughout much of the real estate industry. Over the next three years:
- Commercial property transaction volume is expected to increase by nearly 50 percent
- Issuance of commercial mortgage-backed securities (CMBS) is expected to…
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