PricewaterhouseCoopers (PwC) recently released their annual Emerging Trends in Real Estate report that contains their outlook for the real estate & land use industry for 2018. Their market outlooks are based on an extensive survey, multiple interviews, and individual market focus groups. Indeed……Be sure to zero-in on their “markets to watch.”
“Fortunately, a sudden drop in altitude does not seem to be in the offing. Instead, our survey respondents, focus groups, and interviewees expect a long glide path for the economy and for the industry—the extension of the current cycle for 2018 and perhaps beyond. A tailwind of demand is expanding real estate utilization rates across a procession of generations extending from baby boomers, through the millennials, and now to generation Z. Each generation is large in numbers (although gen Z is somewhat smaller than the others) and complex in composition— and is contributing to real estate’s forward momentum.”
Click here to read the full report at PWC.com.
