Glenn Mueller, professor at the Burns School of Real Estate and Construction Management at the University of Denver, joined REIT.com for a video interview at REITWeek 2017: NAREIT’s Investor Forum at the New York Hilton Midtown.
Mueller said he considers the real estate cycle to still be in a growth phase due to continued, moderate job growth.
“I don’t really want a boom and I don’t think we’re going to get one,” Mueller said.
Another factor supporting the real estate cycle is moderation of supply, except for the apartment segment, according to Mueller. He added that talk of a slowdown in apartment planning and permitting may result in an end to over-supply by 2018 or 2019.