Keep an eye on real estate for economic forecast

Lawyers' Forum

By Erica Minchella

Erica Crohn Minchella, is the head of the boutique real estate firm of Minchella & Associates, Ltd., handling residential and commercial real estate transactions and litigation such as foreclosure defense, quiet title, and partition actions. She can be reached at erica@ecminchellalaw.com.

Posted September 24, 2019 4:17 PM

Updated September 25, 2019 8:32 AM

There are numerous indicators of changes in the economy: the yield curve, confidence indices, employment data, the Federal Reserve Bank of New York’s recession probability model, the leading economic index, the gross domestic product. But for me, the best predictors of economic change are trends in the real estate market.I find it absolutely fascinating to watch the trends in real estate and then listen to the pundits discuss the economy. Since I have been practicing in real estate law, I have found that changes in …

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