Did we already have a recession? It was the opening question of Michael Van Konynenburg’s National Real Estate Economics keynote address at the annual Allen Matkins’ View From the Top conference this week. Van Konynenburg, the president of Eastdil Secured, suggested that the extreme volatility that we have seen this cycle in China, oil, yields, CMBS, Brexit, precious metals, US elections and North Korea may be acting as the “correction” this cycle.

Without giving a firm opinion, he went onto look at the dichotomy of market fundamentals, which remain positive overall. “We have a lot of continued confidence,” he said, adding that last year at the conference Brexit was a major concern and some wondered if “democracy would be coming apart.” “The European markets have stabilized. In 2017, the largest economies in the world are accelerating in growth.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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