WASHINGTON, DC-The Urban Land Institute’s second semi-annual survey of real estate economists for 2012 was less optimistic about the industry’s prospects than the previous study. That said, many of the metrics examined in a wider context (read–compared to 2009) show that the industry is relatively on solid ground.

All in all, the report projected a continued improvement for the US economy and housing market, Dean Schwanke executive director of ULI Center for Capital Markets, told listeners in a webinar today during which ULI unveiled the results. “However, predictions diverged from the previous survey in that people are less optimistic regarding the economy and more optimistic regarding single-family homes.”

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