If you need a barometer about real estate, just look to construction.
For example, see Pearson Street. This little street is just one block long. It starts on Jackson. It
ends on the railyard with a dead end. A long stalled project for a major 40 story condo building seems to
have recently restarted. And here you see an old warehouse building
coming down. Clearly a small new five-story residential is on its way. If builders are building, and banks are lending, then appraisers and
credit markets are happy. Wait a while, and soon you will see prices rising.
For example, see Pearson Street. This little street is just one block long. It starts on Jackson. It
ends on the railyard with a dead end. A long stalled project for a major 40 story condo building seems to
have recently restarted. And here you see an old warehouse building
coming down. Clearly a small new five-story residential is on its way. If builders are building, and banks are lending, then appraisers and
credit markets are happy. Wait a while, and soon you will see prices rising.
