Brokers, Investors & Economists Are Taking the Long View
The real estate business is transitioning out of its concentration on cyclical headwinds — that is, rising interest rates, declining GDP, weakened deal flows — and taking a long-term approach to property assets.
Subsequently, notwithstanding widespread economic concerns, the mood among the nationwide real estate professionals and economists that the Urban Land Institute (see below) and PricewaterhouseCoopers (PwC) interviewed for the 44th annual edition of the “Emerging Trends in Real Estate” report is Cautious Optimism.
Leading Economist: “We’re going into what I would say is a healthy down cycle. It’s a cleansing that every so often economies, property markets included, need. It washes out unrealistic unsustainable values, resets, and presents new opportunities.”
Sr. Executive of a Global Development & Investment Firm: “We’re going to have a recession, but it’s going to be relatively mild compared to some of the more severe recessions we’ve had. I don’t see anything like the 2008 economic downturn going on.”
Top-Ranked Real Estate Broker: “We’ll look back in 10 years, and the prices that seem astronomical today will seem like a bargain.”
The Real Estate Trends Report
This robust 125-page report packed with insights, graphs, and expert analysis covers the broad real estate trends that have swept across the business. It digs deeply and dissects critical industry benchmarks in top metropolitan areas, as well as secondary markets that caught and rode high on the wave of a business that has shifted drastically since the onset of the global pandemic.
Some aspects of the real estate industry are “normalizing,” that is, reverting closer to their pre-pandemic patterns. Others appear to have sustained permanent shifts to a “new normal,” in response to the significant COVID-triggered changes in our preferences for features in our homes, workplaces, and the cities or even neighborhoods in which we want to live.
Focus on Miami Real Estate
If you prefer to focus on just what’s happening in Miami real estate, the searchable report makes it easy. Simply press CTRL+F (Win.) or COMMAND+F (Mac), enter Miami in the pop-up search box, and click through the arrows.
And if you have any questions about Miami real estate and your opportunities for buying or selling here, or across South Florida, please get in touch any day of the week. I’m here to provide you with proven, expert advice, with no obligation, cost, or stress!
Monica S. Betancourt
The Urban Land Institute is a global, member-driven organization comprising more than 45,000 real estate and urban development professionals dedicated to advancing the Institute’s mission of shaping the future of the built environment for transformative impact in communities worldwide.
Read the PwC 2022 Global Annual Review to learn how its community of professionals came together to help solve some of the toughest challenges facing business and society, from cybersecurity to climate change.