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Kids, startups, moving a bad mix

Real Estate Connect Speaker Profile: John Helm

John Helm, founder and CEO of MyNewPlace.com, saw an opportunity to create a better apartment-hunting process and sparked up the Web site to help streamline the search. MyNewPlace boasts more than 6 million apartments and homes for rent available in searches at the site. Participating properties offer cash back to consumers who find their new place on the site and move in. Helm 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? Speaking only for the apartment market, I see softening across the board. Large apartment complexes will remain under pressure from what the multifamily industry calls the "shadow market," or rental condos and townhomes. This means increased vacancy for all owners of rental properties in general, across most major markets -- especially Florida, Atlanta, Arizona, Las Vegas and parts of Southern California....