"A recent report from UCLA Anderson Forecast took a close look at naturally occurring affordable housing, and found that capital is showing increasing interest in workforce housing as the probability of a recession increases. If a recession strikes in the next two years, it could revive the market.
" 'That seems likely, especially if there is a market correction or downturn over the next year or two,' " Maya Saraf, UCLA Anderson School of Management MBA 2019 alumna, tells GlobeSt.com. 'A lot of current research points to a softening in demand for class-A properties, with a corresponding strengthening in demand for class-B and C properties. Moreover, if there is a recession, there will likely be even greater demand for affordable units, particularly from workers who lose their jobs or suffer pay cuts.' "
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