Looking backward and forward: economic restructuring and United States real estate markets. From: Real Estate Issues | Date: September 22, 2003| Author: Mundy, Bill; Kilpatrick, John A.; Carruthers, John I.; Throupe, Ron | COPYRIGHT 2003 The Counselors of Real Estate. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Two interconnected trends with far reaching implications for the real estate industry have evolved in the United States over the last 50 years. First, the nation has steadily moved away from its traditional manufacturing base to become more specialized in services and information-producing industries, creating a demand for new kinds of employees and workplaces. Second, people have realized outstanding gains in personal wealth and disposable income and, as an outcome, are increasing...

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