Survey Shows Real Estate Economists Remaining Positive

The ULI Center for Capital Markets and Real Estate has released the semiannual ULI Real Estate Economic Forecast (formerly ULI Consensus Forecast). Survey respondents were composed of 46 economists/analysts at 35 leading real estate organizations in September and early October 2017.

UrbanLand, magazine of the Urban Land Institute, has evaluated the results and picked out highlights covering the 2017-2019 forecast period. They explain essential real estate metrics like the NCREIF Property Index (NRI) returns have moved slightly lower in this survey. The U.S. GDP is anticipated to grow by 2.2 percent in 2017 and 2.4 percent in 2018, and job growth should average 1.76 million per year through 2019. Single-family housing's outlook has improved over the past six months, and home price growth is expected to average 4.8 percent over the next three years.

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