Prospects for the U.S. real estate market and economy changed little over the past six months, based on a survey of real estate economists. Broadly, the economy will slow in 2023 and 2024, with recovery expected to begin in 2025. The real estate market will follow suit, with flat to negative results over the next two years, followed by mostly positive news in 2025. The constancy of the forecasts can be attributed in part to the clear signaling of the Federal Reserve regarding interest rate increases, as well as the underlying strength of both the economy and real estate markets.The Real Estate Economic Forecast, produced by the ULI Center for Real Estate Economics and Capital Markets, is based on a survey conducted in April 2023 of 41 economists and analysts at 37 leading real estate organizations. The forecast is based on the median responses gathered in the survey, which reflect a wide range of views both better and worse...
RSK: Volume will fall as high rates continue , but so will prices. Market has a way of leveling itself out.
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- - Volume: 11 - WEEK: 19 Date: 5/9/2023 5:18:35 PM -