Path of Progress

[Tim Farrell]

Where will the Path of Progress be in the future?

In the late 90’s and early 2000 it was very easy to follow the path of progress just by watching development after development being constructed sprawling away from the city center, but as the economy and the Real Estate industry recover have these Paths of Progress changed?

Will past areas of growth still be considered the Path of Progress?  Many of these developments are still lettered with homeowners that are underwater, banks still control abandoned properties and investors have scooped up homes being offered by motivated sellers and creating neighborhoods of renters.

Will developers create new neighborhoods on the outskirts of these developments or will they steer clear of these prior areas and try to establish new Paths of Progress?

A lot of questions, but as an investor I need to stay in front of the curve, and not chase the curve. What are your thoughts?  Where will developers look, and where will the new Path of Progress be?