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Where are you from and when is your market going to bottom out?

All of you RE pros out there who closely follow the economics of our business, put your money where your mouth is and sound off about where you practice and when the bottom will occur.

I'm Scott Newman, owner of Newman Realty. I practice RE in Chicago and I think our market will bottom out sometime during the 2nd or 3rd quarter of next year. I think the city will see a stagnation and then reversal of the depreciation we've been experiencing first with the suburbs to follow as soon as the media decides to accurately inform the public of the situation.

Posted Thursday Dec 18