ULI REAL ESTATE ECONOMIC FORECAST: PANDEMIC-INDUCED RECESSION LIKELY TO BE SHORT. BUT MANY UNKNOWNS REMAIN

摘要

The Urban Land Institute's (ULI) latest Real Estate Economic Forecast shows that, while the coronavirus (COVID-19) crisis has sent Shockwaves throughout the world, U.S. real estate economists are predicting some light at the end of the tunnel, with a short-lived recession and above average GDP growth in 2021 and 2022. The report's conclusions are based on a May 2020 survey of 39 economists and analysts at 35 leading real estate organizations. The sentiment of the group is that the impact on the real estate market conditions and values will be much less severe than the 2008 financial crisis (with the notable exceptions of retail and hotels), but the unknowns of the global pandemic temper their expectations.