ULI Webinar - On the Rise: Social Equity and Health in Real Estate
This ULI webinar will provide an overview of the two recent ULI reports on Health & Social Equity in Real Estate.
For more information, contact [email protected] or call Justin Arnold at 202-448-8717
WASHINGTON (October 28, 2020) – The Urban Land Institute’s latest Real Estate Economic Forecast predicts economic growth from 2021-2022, and less of a slump for the rest of this year than was previously expected six months ago.
The ULI report’s conclusions are based on a September-October survey of 43 economists and analysts at 37 leading real estate organizations. The sentiment of the group indicated that the recovery would rebound in 2021 and be even more positive in 2022, though that varies by sector. The current recession is expected to be short-lived, analysts note, and real estate market conditions and values are forecast to hold up much better than predicted six months earlier, with industrial real estate and single-family housing expected to perform best.
“The fall survey provides generally good news about the U.S. economy and real estate markets, particularly compared with the spring survey,” said William Maher, principal, Maher Strategies. “The worst fears of earlier this year have mostly eased. Several survey respondents pointed out the inherent difficulty of forecasting given the many unknowns related to the coronavirus pandemic. Others pointed to further uncertainty due to the upcoming national election, with big differences in tax policies between the two main presidential candidates. But as of now, leading real estate economists are signaling that resilience and underlying strength will likely win out over uncertainty and risk.”
The survey results were released today during a ULI member-only webinar that also featured observations from Jeanette Rice, Americas head of multifamily research, CBRE; Tim Wang, managing director and head of investment research, Clarion Partners LLC; Richard Kleinman, managing director of research & strategy, LaSalle Investment Management; and Adam Ruggerio, managing director and head of client solutions, Metlife Investment Management.
Predictions from the semi-annual survey, which covers the forecast period of 2020 through 2022, include the following:
ULI’s Fall 2020 Real Estate Economic Forecast is the latest in a series of forecasts based on surveys of economists and industry analysts that are conducted on a semi-annual basis by the institute’s Center for Capital Markets and Real Estate. Results from the next survey are planned for release in May 2021.
A recording of the ULI member-only webinar is available by request.