Monday, December 13, 2010

2011 Should Be a Good Year for Residential Real Estate

This was a tough year for the Chicago real estate market, but we have some predictions for 2011 that might make you smile.

Experts from around the country met in Chicago on December 3 for the 24th annual Economic Outlook Symposium, where they discussed the national economic outlook for 2011.

“According to the median forecast of symposium participants,” said William A. Strauss, Senior Economist and Economic Advisor, “the nation’s economic growth is expected to increase at a solid pace in 2011.”

Among the predictions, the panelists expect an increase in residential real estate investments, housing starts and consumer spending.

For all the details, and to find out more of the panelist's predictions for 2011, check out the full story at chicagolandrealestateforum.com.