Experts are debating whether the U.S. economy will hit a soft or a hard landing – but one major CRE consulting company is predicting the best-case scenario.
It comes from CBRE, which made the prediction after viewing the inflation data from the second quarter.
"We continue to expect a soft landing for the economy, with slower inflation and a more balanced labor market this year," it wrote.
|The debate of hard and soft landing
However, not everyone is as bullish as CBRE. Marcus & Millichap SVP of research services John Chang, expressed concern about the unemployment rate ticking up to 4.1 percent, which is the third consecutive month the figure has risen. In June 2023, the unemployment rate was 3.6 percent.
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