By Dr. Peter Linneman, PhD
Chief Economist, NAI Global

Everyone finds that, even after controlling for a variety of other variables, U.S. population growth is extremely persistent; absent other information, the best way to predict a county’s population growth is to look at how much it grew in the past decade. Reflecting on the past quarter century of U.S. population growth, five key factors emerge:

• the level of U.S. growth
• where people want to live
• where firms can efficiently produce
• where development is allowed
• “wild cards”

The first factor is the absolute level of U.S. population growth. Between 1980 and 2007, the population grew by about 75 million…

NAI 1st Valley will be attending the 2009 NAI Global Convention this year in Las Vegas, February 10-13.  This is a great opportunity for our brokers and staff to increase their knowledge of our changing marketplace, and to participate in some powerful networking - which ultimately helps our clients right here in Las Cruces!

<!–nextpage–>

From the NAI Global Convention Website:

Today’s uncertain economy, expanding credit crunch, skyrocketing energy costs, slow domestic growth, devaluation of the U.S. dollar, ever-fluctuating stock market and the upcoming change in the White House have many concerned about where the commercial real estate market is headed. But there is…