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CHICAGO-While the residential home market has obviously beenaffected by the subprime crisis, other markets have been affectedas well--some for better and some for the worse. Warady & DavisLLP, based in Deerfield, and the Roosevelt University ChicagoSchool of Real Estate hosted a discussion Tuesday with a panel ofexperts from various segments of the industry including lenders,developers and Jon DeVries, director of the real estate school.About 225 people attended the event at the Hyatt Regency Chicago,with attendees including builders, developers, property managers,lenders and a few students.

One obvious effect of the issues with the subprime markets hasbeen on the home market. "People have stopped buying new and usedhomes, at least at the rate we are used to," said moderator NormanNagel, a partner with Warady & Davis. Financing has also beenobviously affected. "The old days of having non-conformingloans…seems to be over," said panelist Marks Attwood, president ofthe residential development division of Lincolnshire-based AmcoreBank.