Despite best efforts to boost economic growth through tax cuts, US GDP grew by only 2.9% in 2018 – matching the recent cyclical peak in 2014. Most analysts fully expect GDP growth to slow down to the low 2’s this year, and with parts of the yield curve inverting, some fear that 2020 may mark the time when a recession finally occurs. How likely is this scenario? How did property types perform in the first quarter of 2019, and (like the equity markets) did apartment, office, retail, industrial, and other sectors shrug off the worst predictions?
Watch the First Quarter 2019 Quarterly Briefing with REIS Chief Economist Victor Calanog, PhD to get these answers and more.