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The big picture: What real estate experts are talking about for the year ahead
At the start of 2023, real estate investors could be forgiven for feeling a bit of discombobulation. The threat of recession hovers on the horizon, and inflation remains stubbornly high. The Federal Reserve continues to raise the target federal funds rate, and real estate valuations are beginning to show declines. Still, the economy is growing, and the unemployment rate is low. Against that backdrop, it will be a challenge to successfully navigate the turbulent environment. Loretta Clodfelter, senior editor of Institutional Real Estate Americas, recently asked a collection of industry experts to share their forecasts and expectations for U.S. real estate in the current environment.
The roundtable participants were Brian Biggs, CFA, vice president, research, Grosvenor; Dags Chen, managing director and head of U.S. real estate research and strategy, Barings; Marc Feliciano, global head of real estate, Manulife Investme