Best Estimate: The Art and Science of Forecasting Fundamentals via Multifamily Executive Magazine

Nobody really saw the Great Recession coming.

But if there’s anything that economists have collectively done since their forecasts were trumped six years ago, it’s becoming more cautious in the way they frame the future.

For New York-based Reis, Inc. there are two things that economists focus on from an external point of view. Their modeling looks at household formation and its rates, which says plenty about the drivers of demands for multifamily units at a submarket and metro level.

Further, their models allow them to make more accurate predictions thanks to utilizing historical data.

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