What will 2025 hold for the global economy and real estate? Selma Hepp, CoreLogic Chief Economist, and Richard Barkham, CBRE Global Chief Economist, discuss where they see opportunities and challenges and a few things to keep an eye on.
Share these insights from this week’s episode:
- Despite continued high interest rates, the economy is expected to perform well in the near term, driven by a resilient consumer.
- Housing sales are expected to remain subdued due to persistently high mortgage rates and ongoing affordability Issues.
- Real estate is at the beginning of a new cycle with retail and industrial particularly well positioned.
- Increased insurance costs and property taxes have exacerbated housing affordability challenges.
The Weekly Take from CBRE