CRE Economists Think Current Recession Won't Be as Bad as the 2008 Crisis via GlobeSt

Nearly 40 real estate economists and analysts feel the COVID-19 recession will impact real estate markets and values less severely than the 2008 financial crisis—except for retail and hotel real estate.

The economists predicted there will be a $275 billion decrease in real estate transaction volumes in 2020, according to a survey in May by the Urban Land Institute. But they expected transaction volumes to rise over the next two years, which would create a healthier capital market compared to the 2008 Great Recession.

Read more...CRE Economists Think Current Recession Won't Be as Bad as the 2008 Crisis via GlobeSt