While 2Q21 GDP was lower than expected, it still represents the strongest quarter, besides 3Q20, since 2003. 2021 is poised to be the biggest year of growth since 1984.
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With the last of the nation’s capacity limits schedule to lift in the next several weeks, the economy is on its way to recovery but still faces distinct headwinds. Potential sellers and buyers should consider the unique and likely fleeting window that the current market situation presents.
Read MoreApartment absorption jumped to a historic level as job gains unleashed pent-up demand, contracting the vacancy rate despite elevated inventory…
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Skyrocketing single family home prices are due in part to COVID-19 and historically low interest rates, but unlike housing bubbles of the past, also reflect shifting demographic demands and an overall shortage of housing options. What does this tell us about long-term demand and performance?
Read MoreCross-border property investment overcomes pandemic challenges. The onset of the global health crisis raised concerns that international investment into U.S. commercial real estate would be significantly waylaid by travel restrictions and other precautions. While the amount of capital crossing from abroad did decline during the pandemic, overall acquisition activity fell more steeply, resulting in a higher ratio of foreign investment…
Read MoreGDP grew at 4% annualized pace in 4Q 2020, roughly in-line with expectations. Economic activity shrank a total of 3.5%…
Read MoreEmployment growth climbs. The pace of hiring accelerated in June as employers brought on 850,000 new personnel, following the creation of 583,000 jobs last month. These gains reflect the ongoing reopening of the economy…
Read MorePandemic heightens changes in lifestyle. The leading edge of the 72 million millennial cohort began to age into the homebuying stage of life during the global financial crisis. Deterred by the housing crisis that followed, many delayed purchasing. Although millennial homebuying had picked up before the health crisis began, it was sped up dramatically…
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