Urban Land Institute 3Q Forecast

A bit of optimism

The ULI semi-annual Real Estate Economic Forecast survey of 43 economists and analysts at 37 real estate organizations said the recovery will likely start next year and be even more positive in 2022, though growth will likely vary by sector. Real estate market conditions and values should hold up much better than was expected six months ago, with industrial real estate and single-family housing expected to perform best.

 

Don't forget:  An Economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.”  

First and foremost: appraisals are opinions, and everybody has one. The distinction being that appraisers render a professional opinion. Reports by licensed appraisers are certified as meeting the Uniform Standards of Professional Practice. The value reported must conform to the legal definition and concept of “market value.” Read More
Take a close look at a property’s Net Operating Income and Capitalization Rate before buying.  Most investors are quite familiar with the standard formula in income property valuation:  Value = Income/Capitalization Rate.   Most income properties are offered with a stated capitalization rate.  Sometimes it is based on the owners most recent historical income and expense statement or based on the real estate agent’s pro-forma.  There are some important issues to consider: Read More
Do you have questions?
Ask Cooksey