
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, June 7, 1990                   TAG: 9006070182
SECTION: BUSINESS                    PAGE: C6   EDITION: METRO 
SOURCE: 
DATELINE: CHICAGO                                LENGTH: Short

REAL ESTATE FORECAST: SLUGGISH THROUGH 1995

The Midwest, California and the Southwest will see the biggest increases in real estate investment in the next two years, leading real estate executives and economists predicted in a study released Wednesday.

The specialists see a sluggish real estate market overall through 1995, however, citing recent overbuilding as the major factor. They expect the market to grow more slowly than the consumer price index in the first half of the decade. The experts also expect a decline in available capital, including foreign investment. Some see a catastrophic impact on real estate from the savings and loan crisis, but others believe the worst already has come.

The nationwide survey, mailed in January, used the responses of 400 real estate specialists. The study was conducted by Ernst & Young Real Estate Advisory Services and the National Real Estate Index, a computer service that tracks real estate values and rents. - Associated Press

by CNB