Hugh F. Kelly

While GDP forecasts remain highly optimistic, not all recoveries will be equal.

Why uncharted conditions demand unconventional thinking about what’s ahead for the economy—and for real estate.

In highly uncertain conditions, maintaining a “core of humble open-mindedness” is the way to go, according to economist Hugh Kelly.

A wait-and-see attitude is the prudent approach when making investment decisions in the age of COVID-19, according to economist Hugh F. Kelly.

The pandemic is exacerbating long-overlooked economic weaknesses. Hugh Kelly sketches a map of the difficult road ahead.

A drop-off in business confidence is an indicator of an uncertain future, notes economist Hugh F. Kelly.

According to economist Hugh Kelly, there are reasons to believe the U.S. economy is already shifting into "an altered state that will require significant adjustments to conventional expectations for commercial property."

How do trade policies affect the real estate industry? Economist Hugh Kelly surveys lessons from economic history and looks ahead to the likely impacts.

Some key economic indicators show continued strength, but there is more to the story. Trends in the yield curve appear to presage leaner times ahead, advises Hugh Kelly, the veteran real estate economist and CPE columnist.

An inverted yield curve and forecasts of a dropoff in job growth are among the signals that the industry’s long, great ride may soon be ending, says economist Hugh Kelly.