Despite global headwinds, the US economy is projected to avoid a recession in 2024. Easing inflation, combined with healthy consumer spending and a potential drop in interest rates, creates a favorable environment for the real estate market. While some downside risks exist, the overall outlook leans towards a 'soft landing' scenario.
This positive forecast points to a slowdown in economic growth rather than a contraction. While unemployment may slightly rise, it's unlikely to significantly impact most real estate sectors. Investors can expect improved capital markets activity and opportunities as interest rates decline, even with a persistent federal deficit.