Embracing a New Era
Last year in the annual Expectations & Market Realities in Real Estate 2016 report, Navigating Through The Crosscurrents, we predicted:
• Economic growth at a slow, but steady, pace.
• Employment growth, low gas prices, and increased consumer spending would lead the Federal Reserve to raise the federal funds rate.
• Major geopolitical events would rattle the investment environment.
• Commercial real estate would remain on solid footing.
As 2016 came to a close, these predictions proved accurate. Although commercial real estate transactions and returns were lower than the historically high levels set in 2015, growth remained strong, with YOY returns of 9.22% as of third quarter 2016, according to the National Council of Real Estate Investment Fiduciaries Property Index (NPI), and rents were stable or increased across all property types.
Using this as a backdrop to our 2017 report, let us dive into what lies ahead over the coming year.
By: Expectations & Market Realities in Real Estate 2017 – National Association of REALTORS® New Mexico
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