If 2016 taught us anything, it’s that nothing is certain. The past year came with its share of surprises—the results of the Brexit vote and the U.S. presidential election, to name just a couple—creating global economic uncertainty across industries. The real estate sector was no exception. Many investors took a more cautious approach, with real estate transaction volume down in each of the first three quarters of 2016, according to Real Capital Analytics Inc., following a record year of deals in 2015. Despite the jitters, the U.S. economy and real estate market continued to grow and strengthen, as they have since coming out of the Great Recession, and that will likely be the case again in 2017. But with the U.S. entering its eighth year of this recovery, how much longer can the good times roll?
Read more...2017 Outlook: A New Era
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