Economist's View

While consumer prices expanded modestly over the past decade, asset values improved notably.

In highly uncertain conditions, maintaining a “core of humble open-mindedness” is the way to go, according to economist Hugh Kelly.

The U.S. economy’s path toward recovery is bound to involve several stops, detours and starts along the way.

A wait-and-see attitude is the prudent approach when making investment decisions in the age of COVID-19, according to economist Hugh F. Kelly.

The pandemic is exacerbating long-overlooked economic weaknesses. Hugh Kelly sketches a map of the difficult road ahead.

In a short time, the U.S. economy and the commercial real estate industry has been set up to fall very far, according to Dr. Peter Linneman.

A drop-off in business confidence is an indicator of an uncertain future, notes economist Hugh F. Kelly.

According to economist Hugh Kelly, there are reasons to believe the U.S. economy is already shifting into "an altered state that will require significant adjustments to conventional expectations for commercial property."

The entire government debt market is so manipulated by the Fed and major foreign governments that the yield curve no longer says much about market beliefs, according to Dr. Peter Linneman.

How do trade policies affect the real estate industry? Economist Hugh Kelly surveys lessons from economic history and looks ahead to the likely impacts.

Some key economic indicators show continued strength, but there is more to the story. Trends in the yield curve appear to presage leaner times ahead, advises Hugh Kelly, the veteran real estate economist and CPE columnist.

Those expecting to hunt for discounts during the next down cycle should get up to speed now on REITs, contends Dr. Peter Linemann.