By Kelsi Maree Borland
The recovery is coming, but it won't start until next year. The Real Estate Economic Forecast fall survey from the Urban Land Institute with 43 economists and analysts and 37 real estate organizations forecasts a varied recovery that will begin in 2021 and last through 2022.
Industrial and single-family assets are expected to perform the best, but the real estate market overall should holdup better than initially expected. Overall, the recession is expected to be short-lived. “The worst fears of earlier this year have mostly eased," . As of now, leading real estate economists are signaling that resilience and underlying strength will likely win out over uncertainty and risk," said William Maher, principal at Maher Strategies, in a statement. Read more.