Principal Asset Management has released its Mid-Year Real Estate Outlook.
The economic outlook has improved since entering 2024. While risks remain elevated, strong global labor markets and resilient consumer spending have supported a stronger than anticipated expansion.
Real estate investors entered 2024 with a sense of renewed optimism, but the tone has shifted. Stickier than anticipated inflation has pushed potential rate cuts later into the year. The firm anticipates slower but stable growth in 2024.