June 2020 Economic Outlook - Forecast for the U.S. and CA
Allen Matkins/UCLA Anderson Forecast CRE Survey Results with John Tipton
What Will Cities Look Like Post-Pandemic? with Richard Florida
Housing Market Analysis with Ivy Zelman
California Home Affordability with Conor Dougherty
Uncertainty Clouds California Economy; State’s Recovery Will Mirror That of the Nation
The Post-COVID Economy
June 24th will be the first quarterly Forecast conference since our recession call mid-March. Much has happened since then. With a record high layoff/furlough rate, record high support/stimulus packages and public health policy interventions the economy is in unchartered waters.
The depth of the recession will be worse than anything since the 1929-1933 crash. But what about the expansion? Will it be slow as in the aftermath of 2008/2009 or fast like 1983? And how will the economic landscape, now scarred by the pandemic, change? In addition to this broad focus, in conjunction with the Ziman Center for Real Estate, featured guest speakers will weigh in on the pandemic and recession’s impact on housing markets.
The June 24 Economic Outlook conference, which will be brought to you live streamed over Zoom and if permitted, with a limited on-Campus audience, will take a first look at these topics.
- What will the Post-COVID economy look like?
- Is the 35%-40% estimated annualized decline in the real GDP represent the bottom, or will the decline continue into the third quarter?
- Housing was booming going into March. Will the current COVID induced drop in housing activity be temporary or something more fundamental?
- Will the COVID pandemic signal an end to the urban housing boom and a shift back to the suburbs?
- How are residential real estate markets across the U.S. and in California responding to the coronavirus pandemic?
- Could there be unintended consequences of California's new tenant protection law on residential real estate markets?