2018 Will See “Wider Range of Outcomes

LOS ANGELES—CBRE Group’s annual US Real Estate Market Outlook for 2018 provides a generally optimistic view of the year ahead. However, Spencer Levy, CBRE’s Americas head of research, tells GlobeSt.com that “the range of outcomes is wider this year than it has been in the past, given where we are in the cycle and greater uncertainty around certain forms of fiscal stimulus.”

That uncertainty doesn’t extend to tax reform, though. “That’s something we see a very high probability of getting done,” says Levy. “Some of us put it at over 80%, and possibly a greater than 50% chance of getting done before Christmas. That would certainly lead to stronger growth in ‘18 and beyond.”

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