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IRR Sees Mixed Signals in 2020 Outlook
Although much of the economic buzz heading into the new decade revolves around a possible recession and signs of a slowdown, there are market segments on the rise. That’s according to Integra Realty Resources’ (IRR) just-issued signature Viewpoint 2020 publication, produced in partnership with veteran CRE economist Hugh F. Kelly.
Addressing the subject on most market-watchers’ minds, Anthony M. Graziano, IRR’s chairman and CEO, is reluctant to speak in certainties when it comes to the timing of a possible recession. Citing the probability data from Comerica Bank, he noted, “there’s a 50% chance that everything in 2020 will be just fine.”
He added, “In the short term, key market fundamentals including, historically low unemployment, gains in existing home sales, low mortgage rates and improving incomes, are warding off a recession. I’m optimistic the sun will remain shining in 2020. Nevertheless, I’m bringing an umbrella.”
Pictured: Anthony M. Graziano.
Anthony M. Graziano will present more insights as the keynote speaker for Connect South Florida, coming to Key Biscayne on Feb. 26. For more information, or to register, click here.
For comments, questions or concerns, please contact Paul Bubny
- ◦Economy
