Firm Sees Moderation in SF Home Prices

Single-family home price appreciation will moderate in 2006 while apartment appreciation accelerates, according to Chadwick, Saylor & Co., a Los Angeles-based real estate investment banking firm.The company said predictions that a purported real estate "bubble" will burst next year are unfounded, declaring that the market "will continue to grow, albeit at more modest rates." Chadwick Saylor's forecast of institutional investment trends also identified Southern California, the San Francisco Bay Area, the New York City metropolitan area, southeast Florida, and Chicagoland as the best real estate investment markets. "Characteristics of these markets include scarcity of undeveloped land, economic strength from domestic and international sources, and priority on institutional investors' 'shopping lists'," Chadwick Saylor said. The firm can be found online at http://www.chadwicksaylor.com.