Industry News

Coastal markets remain hot for real estate investors

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While real estate investors generally express cautious optimism regarding industry performance in 2005, concerns over the economy and job growth, coupled with the likelihood of higher interest rates, are curbing expectations for a robust year, according to "Emerging Trends in Real Estate 2005," a report released by the Urban Land Institute and PricewaterhouseCoopers LLP. The Urban Land Institute is a nonprofit education and research institute with a mission to provide responsible leadership in the use of land in order to enhance the total environment, and PricewaterhouseCoopers provides industry-focused assurance, tax and advisory services for public and private clients. The report, "Emerging Trends in Real Estate 2005," which is based on surveys and interviews with 500 real estate industry experts, found that "interviewees almost without exception are confident that U.S. real estate markets can avoid scenarios that would crater property values." For 2005, survey respondents predict ...