Real Estate Report Shows Optimism, but Concern
Mr. Nergarden of Real Estate Marketing Insider comments on the release of the Emerging Trends in Real Estate 2013 report, released by the Urban Land Institute during the ULI Fall Conference in Denver.
San Diego, CA (PRWEB) October 24, 2012
REMI's Tobias Nergarden commented on the Urban Land Institute's release of its annual Emerging Trends in Real Estate report. He stated that the survey shows good news for home sellers as market confidence is, generally, increasing among real estate professionals.
The ULI issued its report in partnership with Pricewaterhouse Coopers, as part of ULI's Fall Conference, taking place now in Denver. The report is built from surveys and interviews with nine hundred real estate professionals, including lenders, developers, investors and service providers. It measures, among other things, insider expectations for the coming year, percieved strength of U.S. markets, and an outlook on the capital market.
Authors for the Emerging Trends report said that their findings were mixed, but generally showed increasing optimism. The optimism, however, was tempered by various concerns about economic stability.
Survey participants were asked to name the top markets for in the United States for investment, development and homebuilding. For 2013 forecasts, San Francisco jumped to the top of the list in all three categories. New York City was the runner up in investment and development, while San Jose took second place for home building (beating out NYC by just 0.4 percent). Recent champion Washington D.C. fell to eighth, largely because of concern about possible budget cuts in the area.
Professionals surveyed were also asked to name the rental sector that they felt had the best investment prospects. At the top of the list was the apartment sector, followed by industrial, hotels and offices. Development forecasts are dimmer, but apartments, industrial and hotels topped the list again. REMI states this is good news for local markets such as San Diego vacation rentals and long term apartment rentals.
Survey respondents were also asked to make recommendations for “investor bets,” or ideas for innovative investment going forward. Among the popular ideas were investing in renovation of abandoned or vacant properties; developing port-city industry zones; and building green, LEED-rated commercial buildings.
The Urban Land Institute is a non-profit organization that works to ensure responsible land use and sustainable practices in urban areas. ULI is made of real estate and land use professionals worldwide, including developers, investors and urban planners. Their yearly Emerging Trends in Real Estate report is issued annually during the ULI fall conference.
Tobias Nergarden issued his observations about the Emerging Trends in Real Estate 2013 report, released recently by the Urban Land Institute. The report draws conclusions from surveys of 900 real estate professionals about perceived market trends, concerns and confidence. This year's survey shows optimism, but with concerns about the market's stability.
About Real Estate Marketing Insider:
REMI provides real estate professionals with insider tips, breaking news, and market analysis. The publication is based in La Jolla, CA.
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