Executive summary
The U.S. economy is holding a soft landing — growth led by productivity rather than employment — while interest rates settle at a structurally higher level. A persistent housing shortage and deteriorating affordability keep rental demand resilient, as the return of liquidity to commercial real estate credit reopens selective entry windows for disciplined capital.
Highlights
01Soft landing, led by productivity
02A higher-for-longer rate regime
03A structural housing shortage
04Entry windows across the cycle
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Published by Ativore Asset Management
