"The demand for furnished, flexible apartments is largely being driven by the same trends realigning multifamily markets, as Americans move away from big cities and the work-from-home movement takes root...
Those fundamentals will remain challenged by the continuing allure of work-from-home, which UCLA’s Ziman Center for Real Estate predicts will reshape the US housing market well into the future."
"In a January 2021 letter, REITland vet David Shulman, Senior Economist Emeritus for the UCLA Ziman Center for Real Estate and the UCLA Anderson Forecast, writes that asset-price
inflation could trigger an increase in consumer price inflation, from its current low levels.
Shulman writes: 'The cover story of the December 12-18th edition of The Economist was headlined, 'Will Inflation Return?' The article discussed the recent history of why consumer price inflation, running at a low year-over-year rate of 1.2% as of November, has been so quiescent. However, there is another type of inflation that has been soaring. I am speaking of asset price inflation which is showing up practically everywhere.'"
"These new location preferences will likely be the norm well after shelter orders are lifted. In fact, UCLA Ziman Center for Real Estate’s 2020 Economic Outlook forecasted that work-from-home trends resulting from COVID-19 will reshape the US housing market well into the future."
"But the effectiveness of reforms aimed at increasing transparency and public trust after this might not deter someone looking to do what Huizar allegedly did, said Eric Sussman, an adjunct professor in real estate at UCLA’s Anderson School of Management at the Ziman Center for Real Estate.
'If someone wants to be corrupt, they probably know very well they are breaking the law and are just going to behave in that way, thinking that they can get away with it or that they are somehow different,' Sussman said."
Recent Comments