The Urban Land Institute's national rising Trends in Real Estate report, on hand to an overflow throng of businesspeople Friday at the Union League, on hand no surprise about the U.S. or Philadelphia economy.
Intended for the country, 2011 is the entry to the "era of less, the Twilight Zone of real estate," in the words of the report's presenter, institute senior fellow Stephen R. Blank, who compare it with the time of a lot more - more deals, more leverage, more financing - "awaiting the mores wedged up with us and the possessions market couldn't save us."
Blank said 2011 would bring a continuance of slackened demand for real estate, with new and yet unwritten government monetary system causing considerable apprehension.
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