Market Trends
Mohamed A. El-Erian, chief economic adviser at Allianz, warns of the danger of significant inflation and calls for a more comprehensive policy approach that speaks to both the supply and demand sides of the economy.
ULI OnPoint, which first launched in January, was adapted and tailored for the Asia Pacific region in March.
While many businesses in the United States have been coping with the impact of the COVID-19 pandemic for a year or longer, the broader availability of vaccines and a rebounding global economy are cause for more optimism than skepticism across the real estate industry, said industry leaders participating in a recent ULI webinar. Industrial, self-storage, and single-family rentals have been some of the sectors surging, while laggard sectors are still betting on a burgeoning recovery.
As the new appointees at the U.S. Department of Housing and Urban Development settle into their roles, they face challenges both old and new. Ethan Handelman, the new deputy assistant secretary of the agency’s Office of Multifamily Housing Programs, addressed the 2021 ULI Housing Opportunity Conference in March.
Northern Italy, one of the hardest-hit areas during the early days of the COVID-19 pandemic, is poised to come out of the pandemic far stronger, with a greater emphasis on green space and social cohesion, said Pierfrancesco Maran, deputy mayor for urban planning, green areas, and agriculture of the municipality of Milan, speaking at the 2021 ULI Virtual Europe Conference.
The Villages, a retiree-focused community northwest of Orlando, in 2020 once again topped RCLCO’s listing of the 50 top-selling U.S. master-planned communities. Total new home sales among the communities were 20 percent higher in 2020 than the previous year, RCLCO reported.
ULI MEMBER–ONLY CONTENT: As climate change puts coastal areas at risk from rising seas and subjects Sun Belt and Southeast cities to hotter temperatures, some of their residents may go elsewhere. Experts say it is time to start preparing.
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Europe’s property sector is in the midst of a cyclical downturn that is coinciding with long-term structural changes in real estate, according to the 18th edition of the Emerging Trends in Real Estate ® Europereport. However, according to the PwC and ULI survey of almost 1,000 industry leaders across Europe, real estate generally is seen as one of the few asset classes to generate acceptable returns at a time of low or negative interest rates.
U.S. real estate economists predict generally improved economic and property market news for the rest of 2020, as well as for the following two years, compared with their forecasts of six months ago, according to the fall 2020 ULI Real Estate Economic Forecast.
Zanny Minton Beddoes, editor in chief of the Economist, outlined several trends accelerated by the global COVID-19 pandemic in a presentation at the 2020 ULI Virtual Fall Meeting.
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