President, MCL Companies
What financing options should developers offer? Financing has not been as much a problem as people’s attitude to when values are going to increase.
What should developers focus on to strengthen their businesses next year? They should stabilize their business for future developments.
Where do you think the best business opportunities for developers will be next year? Rentals are still the best opportunity.
What should agents selling new construction prepare for in 2012? It will be another slow recovery year.
Do you think homebuyer confidence will increase or decrease in terms of buying new in 2012? It will gradually increase.
When do you think inventory will see a significant decrease, making way for more new construction? It will take another year at least until we see a significant decrease.
When do you see development increasing in Chicago? Condo developments are probably another one to two years away.
What does MCL Companies have planned for 2012? We will continue to sell our inventory.