Look to new economy real estate in 2023

As we start 2023, every asset class is experiencing its own version of adjustment. Part of that adjustment regards looking forward to a possible recession—likely at least part of the reason why valuations in many places dropped so significantly during 2022. Part of that adjustment includes an expectation that the US Federal Reserve (Fed) is unlikely to raise its policy rate further another 400 basis points (or more). Part of that adjustment includes expectations for a moderation of inflation, which is already coming down on many measures, at least for those of us looking at the US economic picture....