ACRES Mar 2016 – CRE Market Discussion at Financial Times
Looking back at 2015, the US economy performed relatively well while emerging markets and Europe experienced weakness: China’s GDP growth slowed from the targeted 7.5% to 6.9%; Europe’s recovery remained sluggish throughout the year with extremely high levels of unemployment at 10.7%.
According to Zillow, aggregate US home values grew by 4.1% year-on-year to an estimated $28.5 trillion. The decrease in the number of homes listed for sale and availability of cheap mortgages are among the factors boosting housing prices; however, the real estate market is full of uncertainty in 2016. The Fed raised rates in December for the first time in nearly a decade which, although signals confidence in the U.S. recovery, may limit the demand in the housing market as the cost of borrowing increases.
With the recent market volatility in mind, and potentially more ahead in 2016, ACRES hosted a discussion about the U.S. and China real estate market. The discussion was led by ACRES and our guest speaker – Mr. Yu Sun from the Financial Times.
Topic: 2015 Real Estate Market Discussion
Date: March 12, 2016 (Saturday)
Time: 1:00PM – 3:00 PM
Location: Financial Times Office, Downtown, NY
Thanks Mr. Yu Sun from Financial Times for supporting ACRES and making this discussion possible.