Simon Baker is CEO and managing director of REA Group, a global online real estate advertising company based in Melbourne, Australia. The REA Group has operations in 12 countries, publishes 19 Web sites and eight print publications. Prior to joining, Baker was chief business development officer at News Interactive, chief technology officer in a U.S. start-up and spent five years with McKinsey & Co., providing strategic and organizational advice to senior management at major Australian companies. Baker will speak at Real Estate Connect in San Francisco, July 23-25, 2008. He answered a set of questions posed by Inman News: What do you see happening in the real estate market in 2008? I see lots of varied performance around the world for real estate. In some markets, such as the U.K. and the U.S., it is going to be very tough driven by the subprime crisis and the U.S. potentially slipping into recession. In other markets, such as Australia, I think it will be down a lit...
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