Tuesday, February 06, 2007

Local Researcher Give is Outlook on Orlando Real Estate

The housing slump across Florida and the nation won't be severe enough to drag the economy into recession, a real estate researcher predicted in Orlando this morning.

Speaking to a real estate outlook meeting, Bob Bach Sr., vice president of research and client services for Grubb & Ellis Co., a national real estate company, said that fear has mitigated as the housing slowdown is playing out.

Bach said commercial real estate markets should be strong this year. In Florida, job and population growth and stable interest rates should boost markets, he said.

"That's a recipe beneficial for commercial real estate," Bach said.

Courtesy of Orlando Sentinel 2/6/07.