(Read more on the debt and equity markets.)
Miller |
Emerging Trends in Real Estate 2008
Jonathan Miller of PricewaterhouseCoopers, the program presenter who has written Emerging Trends for the past 16 years, launched the program with a comprehensive 25-minute overview of the more than 70-page report. More than 500 people have contributed to the report and Miller noted that overall, interviewees were hopeful and are keeping their fingers crossed in regards to a healthy correction in 2008.
Miller believed that this year, the credit crunch has created a dose of fear and uncertainty will characterize 2008. "Fundamentals are still good," he said, "but the economy is key and right now, with high household debt, declining household values, rising energy costs and basically stagnant wages, the economy is stressed."
Emerging Trends Panel |
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