Feb
08
Report Says Crosscurrents Won’t Bring CRE Down
BySitus RERC, Deloitte and NAR’s latest report discusses how the CRE industry will fare in 2016 amid mixed messages for the U.S. economy.
Ken Riggs, President, Situs RERC
It’s good news for commercial real estate, according to a report released by Situs Real Estate Research Corp.,Deloitte and the National Association of Realtors (NAR). As the team concludes in their newly released report, Expectations & Market Realities in Real Estate 2016—Navigating through the Crosscurrents, the real estate industry will continue to do well in 2016.
Economic crosscurrents were in play as 2015 came to a close and they persisted as we entered 2016. Employment growth continued on the upswing but stock market indices went on the decline; retail sales experienced no growth, despite the fact that consumers had more money to spend; and while central banks were pursuing policies to stimulate growth, the Federal Reserve announced it would raise the federal funds rate following a nearly seven-year period of keeping the rate hovering around zero. As we entered 2015, stock market issues persisted and the dollar continued to rise…
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