The real estate market is projected to continue expanding at healthy and fairly steady levels for 2015 through 2017, according to a three-year economic forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate. The latest ULI Real Estate Consensus Forecast, a semi-annual outlook, is based on a survey of 49 of the industry's top economists and analysts representing 36 of the country's leading real estate investment, advisory, and research firms and organizations. Compared to the previous forecast conducted in April 2015, the new Consensus Forecast is slightly less bullish in its outlook; however, it predicts three more years of favorable real estate conditions.
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