New York City, NY – January 31, 2018 – Situs RERC, Deloitte and the National Association of REALTORS® announce the release of their annual forecast report: Expectations & Market Realities in Real Estate 2018 – Stability in a Risk Environment. This report reviews 2017 CRE trends in the economy, capital markets, residential and commercial real estate (CRE) and property markets, and provides our joint perspectives for real estate in 2018.
The Expectations report is built on knowledgeable insights from recognized real estate authorities with experience across all property types worldwide. Collectively, Situs RERC, the National Association of REALTORS® and Deloitte operate in 50 countries around the globe and employ thousands of real estate professionals.
Ken Riggs, President of Situs RERC, says, “Amid the ongoing US political drama that is expected to continue in 2018, the stable income component with modest appreciation from CRE provides an attractive choice in the uncertain future of alternative investments such as stocks and bonds. Risk-adjusted returns for CRE are favorable to other asset classes over the long term and provide investment diversification.”
“In 2018, expect generally stable performance and values, across most US markets and major commercial real estate asset types, as we move further into a mature market cycle,” adds Matt Kimmel, Principal at Deloitte Transactions and Business Analytics LLP.
“Backed by continued strength in the labor market and the new tax bill’s expected short-term boost to the economy, the outlook for the CRE sector looks strong in 2018,” states NAR Chief Economist Lawrence Yun, PhD. “Low unemployment is expected to push wage growth higher, which in turn will ramp up consumer spending and elevate demand for both renting and buying real estate. However, rising interest rates pose a small threat to weaker housing affordability this year, and may put downward pressure on CRE property prices.”
To access a free copy of this report, click here.
About Situs and Situs RERC
Situs has been the premier global provider of strategic business solutions for the finance and commercial real estate industries for over 30 years. Situs RERC, a wholly owned subsidiary of Situs, is one of the longest-serving and most well-recognized national firms devoted to valuation management and fiduciary services, appraisal and litigation services, and research, risk analysis and publications. Situs also acquired The Collingwood Group and MountainView Financial Services to bolster the firm’s suite of residential services. A rated servicer with Moody’s, Fitch and Morningstar, Situs has more than US$165 billion of assets under management and is ranked a top 20 servicer in multiple categories by the Mortgage Bankers Association. In 2016, Situs received a second consecutive “Advisor of the Year” award by Real Estate Finance & Investment magazine, and the “Capital Advisor Firm of the Year” award by Property Investor Europe. In 2017, the firm won the “Industry Contributor of the Year” award from Real Estate Finance & Investment magazine.
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including more than 85 percent of the Fortune 500 and more than 6,000 private and middle market companies. Our people work across more than 20 industry sectors to make an impact that matters — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthy society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them.
As used in this document, “Deloitte” means Deloitte Financial Advisory Services LLP, which provides forensic, dispute, and other consulting services, and its affiliate, Deloitte Transactions and Business Analytics LLP, which provides a wide range of advisory and analytics services. Deloitte Transactions and Business Analytics LLP is not a certified public accounting firm. Please see www.deloitte.com/us/about for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.
About the NATIONAL ASSOCIATION OF REALTORS®
The NATIONAL ASSOCIATION of REALTORS®, “The Voice for Real Estate,” is America’s largest trade association, rep- resenting 1.3 million members involved in all aspects of the residential and commercial real estate industries. NAR membership includes brokers, salespeople, property managers, appraisers, counselors and others. Approximately 80,000 REALTORS® and Institute Affiliate members specialize in commercial brokerage and related services, and an additional 232,000 members offer commercial real estate services as a secondary business. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. Working for America’s property owners, the National Association provides a facility for professional development, research and exchange of information among its members and to the public and government for the purpose of preserving the free enterprise system and the right to own real property.
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