A new U.S. forecast from the Urban Land Institute and EY projects continued improvement for real estate capital markets and commercial real estate fundamentals. The latest findings reveal high expectations for growth in the housing sector, as well as improved confidence about commercial mortgage–backed securities (CMBS) issuance, existing single-family housing prices, and industrial-sector fundamentals when compared to responses from just six months ago.
The results are from the latest ULI/EY Real Estate Consensus Forecast, a semiannual survey of economists and analysts at 38 of the nation’s leading real estate organizations—the fourth in a series of polls initiated to gauge industry sentiment. The survey, conducted by the ULI Center for Capital Markets and Real Estate between August 27 and September 13, provides forecasts for broad economic indicators, real estate capital markets, property investment returns for four property types, and vacancy rates and rents for five property types, as well as housing starts and prices.
Read more...ULI Forecast Sees CMBS Issuance Rising to $100 Billion in 2015 - Urban Land Magazine