The University of Wisconsin just completed a survey which was released by the Association of Foreign Investors in Real Estate (AFIRE). The survey involved questioning the AFIRE’s 200 members regarding their feelings on the US real estate market, which cities would be first to recover, and when recovery would begin. Here are some bullet points, and to check out the entire article courtesy of CNBC, click HERE.
First Cities To Recover:
- Washington D.C. (favored heavily)
- New York, NY.
- San Francisco, CA.
- Boston, MA.
- Los Angeles, CA.
Timing for Real Estate Recovery:
- Most respondents feel that recovery will begin in late Q2 2010.
- Investments during the latter half of ’09 will out-strip investments made in the first half of ’09.
Sectors to Recover First:
- Office Sector
- Multi-Family Sector
- Industrial Sector
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