Real estate group looks on bright side
Real estate group looks on bright side. Emerging trends favor buyers who have cash.
Hotels are in the worst shape in the real estate world, home buyers can’t get mortgages easily, and retail and office developments will suffer from large vacancies for years to come, real estate industry leaders said yesterday.
But speakers at the seventh annual trends conference by the Urban Land Institute’s local chapter reassured the gathering of about 200 that the cyclical nature of real estate means that things will eventually improve and now’s the time to get ready for the rebound.