A return to reason. (real estate industry in 1990 and beyond)

Mortgage Banking | July 1, 1990| | Copyright

A RETURN TO REASON

In the wake of a decade of severe over-building, the real estate industry has finally come to grips with reality - the tremendous space demands of the last 15 years are over. There is now full recognition that the 78 million "baby boomers" are housed and employed. Because new space needs will be much lower in the 1990s, the focus is shifting to management of existing assets to accommodate the demands of a mature, affluent population.

Buildings are being better maintained than ever before. The U.S. real estate inventory is of historically ...

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