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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While the U.S. job recovery is in full swing, it has not been equal across all metro areas. Strong variation across metro areas depend heavily on factors including affordability and tourism…
Read MoreNew home listings elevate, but dynamics tell a different story. In the month of October, the number of new homes available for purchase soared to a height last witnessed in late 2008 as the market adjusted to the housing bubble. Nonetheless, the for-sale count is enlarged by houses still in planning phases, masking the nature of the current environment…
Read MoreConsumer spending healthy in October. Core retail sales, which excludes gasoline and motor vehicles, rose 1.4 percent last month. Year over year, the increase was 14.9 percent as shoppers are flush with capital from pandemic-relief bills and the economic recovery that has pushed unemployment…
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he big question on many investors’ minds - “Is a bubble forming in CRE?” From a macro level, Retail, Urban Office, and Suburban Office are not in a bubble. These assets have experienced moderate price growth and fundamentals that keep pace with price gains. While apartment values have climbed considerably…
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Since COVID, the Fed has been buying $120B per month of bonds and MBS/CMBS to support market liquidity, backstop lending and encourage economic growth. Per Jerome Powell’s announcement last week, the central bank will reduce purchasing…
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