LOS ANGELES—“This is probably the most confusing time we have had.” So said Hessam Nadji, president and CEO of Marcus & Millichap, who is a widely regarded top expert in research and investment trend forecasting. During his keynote presentation at the GlobeSt. APARTMENT conference here last week, Nadji provided his analysis of where the market is heading and the long-range factors to consider, discussed the yield curve “uninversion” and more.
According to Nadji’s economic annual check-up, since 2007, we have increased in population, with more households forming than in 2007 and have more job openings today, actually exceeding the number of people looking for work. “That is an incredible testament to the economy and its expansion,” he said.