ISA Outlook 2025: North America chapter

The summer and autumn of 2024 saw growing optimism among real
estate investors. The belief that the dawn of 2025 would open
with sunny skies for the real estate market was driven by falls
in interest rates from peak levels, fading economic growth
concerns and real estate valuations now more aligned with market
transactions.


But with more uncertainty creeping into the picture in late 2024,
especially around longer-term interest rates, what we see could
be described as a “partly cloudy sunrise.”





Contributors:


Richard Kleinman


Americas Head of Research and Strategy


Chris Langstaff


Canada Head of Research and Strategy