By William Maher | UrbanLand
Real estate economists continue to have a positive outlook for the U.S. economy, capital markets, and real estate fundamentals through 2021. Since the previous forecast six months ago, the United States and the world have been buffeted by trade disputes and increased tariffs, stock market volatility, and reduced global growth prospects. But these events have had little or no impact on medium-term economic and real estate market expectations. Although key real estate metrics such as rent growth and returns are expected to moderate, the surveyed economists predict no major disruption to the current real estate expansion.
These results are based on the survey for the semiannual “ULI Real Estate Economic Forecast,” prepared by the ULI Center for Capital Markets and Real Estate. The survey was completed in April 2019 by 45 economists/analysts at 33 leading real estate organizations.