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‘This is not a time for guesswork’

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Becca Wilson is president and CEO for Tulsa, Okla.-based SphereXX.com, a company that she established in 2000 to focus on online marketing and tech tools. She will speak during a "Seize New Markets" session at the upcoming Real Estate Connect conference in New York City, which runs from Jan. 7-9, 2009. Wilson responded to a set of questions posed by Inman News: What do you see happening in the real estate market in 2009? The real estate industry is facing challenges, as are many other industries in this era of financial recovery. The expansion of the rental market -- created by owner-occupied housing that has become rental property -- and a tight loan market will continue to have an impact on both the single-family and multifamily housing industries. The housing stimulus package will eventually accelerate recovery and home sales will recover, and the secondary rental market will diminish. Multifamily housing will see a mild increase in vacancy. Although the mul...