Long Beach, Calif. — Mar. 16, 2007 — Smart developers and homebuilders will transition to building more starter homes, multi-family housing and apartments if they want to thrive in the coming decades, according to two nationally prominent figures who spoke this week at Homex 2007 Homebuilder Summit & Expo.

“The Roaring 2000’s are over for the housing market because Baby Boomers have passed their peak spending years,” economic forecaster and best-selling author Harry Dent said. As this boom ends, he predicts at least a decade of deflation with lower real estate prices and mortgage rates as low as 4 percent. By 2011 the next wave of Echo Boomers will come to the market ready to buy their first home, he said. Click here to view full article...