Economist Predicts a Mild Recession is in Store

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A brief pause to rein in the annual delivery pace from current levels around 300,000 market-rate units wouldn’t be a bad thing for areas where construction is most aggressive, Greg Willett says in this EXCLUSIVE

GlobeSt (OCTOBER 16, 2019) – The potential of a recession is on many people’s minds and has been for at least a year. Many experts say we are overdue for at least some sort of correction. The question is whether this will be a minor dip or a full-blown recession?

In this exclusive, Greg Willett, chief economist at RealPage, recently provided his insights on how a potential recession would impact the real estate market including its impact on construction/permits, occupancy and rental rates across all major markets.

Read more at: GlobeSt

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