Over the past twenty years we have had three events that have set the stage for major economic downturns and precipitated a corresponding real estate malaise; the first was the S&L crisis in the early 90’s, the second was the dot.com collapse with the overlay of the Russian debt crisis, and of course, there was the credit collapse that ushered in the great recession. Since 2008 we have had a long, slow, and steady recovery, but many are feeling queasy that a slowdown is taking hold.
Frankly, based on the level of recruiting activity that we are observing I am not concerned that we are in for a major downturn. However I do see a storm cloud on the horizon, one that is worthy of your attention. On June 23rd England votes whether or not to stay in the European Union. If Britain votes to leave the EU it will roil the European markets and potentially set the stage for a broader economic hiccup that could convert a slowdown into a full-fledged downturn.
If severe enough the situation could spill over into the US markets, so stay tuned and keep an eye on that story.
USAA REAL ESTATE COMPANY Associate/Director, Investor Relations (SAN ANTONIO, TX) Position will act as the primary back office communication point person and conduit between the Firm and the investor(s) for their assigned commingled funds and/or separate accounts. (Sponsored Job)
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