CBRE

&nbsp;What will 2025 hold for the global economy and real estate? Selma Hepp, CoreLogic Chief Economist, and Richard Barkham, CBRE Global Chief Economist, discuss where they see opportunities and challenges and a few things to keep an eye on. Share these insights from this week’s episode:&nbsp;<ol><li>Despite continued high interest rates, the economy is expected to perform well in the near term, driven by a resilient consumer.</li><li>Housing sales are expected to remain subdued due to persistently high mortgage rates and ongoing affordability Issues.</li><li>Real estate is at the beginning of a new cycle with retail and industrial particularly well positioned.</li><li>Increased insurance costs and property taxes have exacerbated housing affordability challenges.</li></ol>

Selma Hepp leads the Economics team and is responsible for analyzing, interpreting and forecasting economic trends in real estate, mortgage and insurance. 
Prior to joining CoreLogic in 2020, Selma was Chief Economist and Vice President of Business Intelligence for Pacific Union International, later acquired by Compass, where she oversaw the vital economic and technology intelligence to drive the expanding brokerage’s success. She also held the role of Chief Economist for Trulia; Senior Economist for the California Association of Realtors; and Economist and Manager for Public Policy and Homeownership research for the National Association of Realtors, as well as a special research assistant at the U.S.  Department of Housing and Urban Development. 

She earned her M.A. in economics from the State University of New York, Buffalo and a Ph.D. from the University of Maryland.


Selma Hepp, PhD

Chief Economist and Senior Vice President, CoreLogic

Stronger: Two leading economists on what’s ahead for real estate in 2025

What matters most right now in Commercial Real Estate. Business leaders join economic, industry and subject matter experts to share their distinct views and latest thinking. The Weekly Take is hosted by Spencer Levy, CBRE’s Senior Economic Advisor and Global Client Strategist. More at cbre.com/TheWeeklyTake