"There are no signs of a real estate crash, not even in markets that are by every sane measure overbuilt," Livingston tells GlobeSt.com. "What is occurring is a soft economic landing on a sky-high plateau." He argues "neither the Dow Jones nor the S&P are down sharply."

Livingston spoke with GlobeSt.com after returning from London where he attended a European Real Estate Opportunity Fund investing seminar. The founder/president of Maitland, FL-based Realvest Partners Inc., he is also Florida chapter president of Paris-based FIABCI International, the world's largest corporate real estate network.

"The forces which most affect the market will remain in relative balance; rents will plateau for a while; demand for space will continue; and, in the short term, supply of new products will likely slow, but this is a positive effect," Livingston says. "There will be no real estate crunch."