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We’ve reached our cruising altitude. That’s the message from the 2018 Emerging Trends in Real Estate, an annual joint venture from the Urban Land Institute and PricewaterhouseCoopers.

The real estate market tends to be cyclical with a series of booms and busts, but the report indicates the market is not yet approaching what traditional scenarios indicate should be a pending downturn. Because the recovery period after the Great Recession did not follow traditional “boom” characteristics, analysts believe real estate might eventually have a soft landing in this cycle rather than a hard “bust.”

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