Reis chief economist Victor Calanog PhD provides a year-end review for CRE and gives a broad picture of the overall health and direction of the economy. Check out the video below to learn more! 2012 saw restrained progress, with GDP growth up by about 2%. We also created on average of 180K jobs per month (up from an average of 172K jobs per month in 2011). Some things to note for 2013 would be the lower likelihood of a double dip recession, but the potential risk in increased supply growth for apartments.
Check out the video below from Reis to learn more!
Photo: Noukka Signe