Grubb & Ellis thinks we will not see a recession, but some slowing in the 2008 real estate market. (Could it conceivably been going faster than in, say, 2006 anyway?) The main conclusion is that the four main sectors of the market -- office, retail, industrial and multi-family, will remain relatively healthy. I have been thinking that for a while, but only as a hunch and based on what I have been reading and know about. I'd like to think they are right.