The Real Estate Reckoning

Real estate is going through a turbulent period. A confluence of factors – a dramatic shift in how buildings are used, the fastest surge in interest rates in more than 40 years, bank failures in the U.S. and Europe, and now a looming recession – could prompt price declines not seen since the global financial crisis 15 years ago. PIMCO shares their investment outlook for the real estate market and their strategy for looking for opportunities in current market conditions.