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Markets To Weaken Further, Recover by 2011

CHICAGO-At Transwestern's Trendlines 2008 event Thursday evening, Delta CEO Leisch said a major market shift presents the best opportunities.

By Cari Brokamp | Updated on November 08, 2008

CHICAGO-Hundreds of real estate professionals gathered Thursday evening at the W Hotel City Center here to discuss the future of what has been a very turbulent market in recent months. Transwestern hosted the sixth annual event, Trendlines 2008, which also marked a decade of the company’s presence in Chicago and the 30th anniversary of its existence as a whole. Greg Leisch, founder and CEO of Delta Associates, Transwestern’s research affiliate, presented a summary of what the market has seen this year and what to expect to see in the coming months and years.

“With a little bit of perspective, I find there is some encouraging news and some real opportunities,” Leisch said to the crowd. “During the good times, it is easy to make money, although the money you make during good times is not significant. It’s the very major shifts in the market in which fortunes are made, and we certainly are experiencing one of those major shifts.”

Leisch said he has seen this cycle before in his professional life and expects to see it again. “The past 10 months have been quite mind-boggling, and doom and gloom appear to surround us,” Leisch said. “Financial markets are in turmoil. Home prices and consumer confidence are down.”

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