June 2019 Economic Outlook Highlights
Economy May be Weaker than it Looks
A New Monthly Indicator of the CA Economy
UCLA ANDERSON FORECAST IN PARTNERSHIP WITH THE UCLA ZIMAN CENTER FOR REAL ESTATE PRESENT
June 2019 Economic Outlook
While the forecast of 2019 likely escaping a recession is not much changed, commercial real estate, having enjoyed a decade long expansion since the financial crisis, is headed for a "crunch" with increasing supply coming from the flow of investment dollars searching for yield encountering a slowing increase in employment growth (from 200,000 down to 100,000 jobs a month). The panel will also discuss the potential impact of the proposed rent control legislation and split roll property tax proposals.
- Did the first quarter stock market rebound signal an "all clear" for the economy?
- Will the recent drop in interest rates trigger a surge in housing activity?
- How will commercial real estate fare in a slower growth economy?