The Outlook for Recovery in U.S. Real Estate Markets (Insider's PERSPECTIVE‪)‬

Editor's note: The views in this article are solely those of the author, and not necessarily the view of the Brookings Institution, its trustees, or its other staff members. IN THE PAST, REAL ESTATE MARKETS HAVE NEARLY ALWAYS been a positive force, helping the U.S. economy recover from a recession, especially through rising activity in housing markets. But in this economy, real estate of all types has instead become a drag on our recovery. In fact, current housing market conditions in particular are notably slowing our progress in getting out of trouble.