As we round out the first month of the year, how should we adjust our expectations of CRE performance in 2022?
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In rare feat, unemployment drops below 4 percent. Employers added 199,000 personnel to payrolls in December, below the 2021 monthly average of 537,000 jobs, while the unemployment rate fell 30 basis points to 3.9 percent. Of the past 22 years, fewer than three have been spent with sub-4 percent unemployment…
Read MoreSwell in homebuying inflames shortfall. In late 2021, the single-family housing landscape mirrored the conditions witnessed earlier in the year. For-sale inventory of both existing homes and finalized new homes trailed historical averages. Meanwhile, the desire for residences remains very strong…
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As we prepare for 2022, here are 3 bold predictions for commercial real estate. Improvements in recovery, continuing headwinds, and increasing inflation threats…
Read MoreRetail sales continue to float well-above pre-pandemic levels. Consumers acted on holiday shopping plans earlier than normal, resulting in more moderate improvement in retail spending last month than is typical for this time of year. Core retail sales ticked up 0.2 percent in November, driving the year-over-year gain to an impressive 16.5 percent…
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Over the last year, commercial real estate prices have growth substantially with top markets across the U.S. seeing 20-30% appreciation for different asset classes. Some investors feel that this growth is just too much
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How was commercial real estate sales activity in 2021? The investment climate is very active with transaction volume through 3Q21 exceeding 2019 levels…
Read MoreLackluster employment growth a sign of tight labor market. Employers added 210,000 personnel in November, below this year’s monthly average of 555,000 jobs. Part of the slowdown was due to modest onboarding in the leisure and hospitality sector…
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