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Rising Joblessness Puts Pressure on the Fed to Stay on Course for a Soft Landing
Unemployment rate hits a near three-year high. Total employment increased by 114,000 jobs in July, the second-lowest monthly gain in...

Jason Tuvia
Aug 19, 20243 min read


Soft Landing Outlook Gains Further Credence from GDP, Aiding Real Estate
Consumers propel GDP to larger increase. The annualized pace of GDP growth accelerated to 2.8 percent in the second quarter, up from 1.4...

Jason Tuvia
Jul 26, 20242 min read


Apartment Demand Mounts Amid Unrelenting Single-Family Barriers
Housing market remains in a state of disruption. Existing home sales slid to a six-month low in June 2024 as the median price eased by...

Jason Tuvia
Jul 26, 20242 min read


What is Proposition 33: Justice For Renters Act??
For the third time in the past decade, California voters will vote during the general election on a repeal of Costa-Hawkins, triggering...

Jason Tuvia
Jul 25, 20243 min read


June Inflation Gives More Runway to Fed for Rate Cuts
Falling commodity prices reflect cooling economy. While pricing pressures remain above target 27 months into the Federal Reserve's...

Jason Tuvia
Jul 18, 20243 min read


June Hiring Poses Implications For Health Care and Retail Real Estate
Job creation supported by business-cycle-agnostic sectors. The creation of 206,000 jobs in June brings total net hiring for the second...

Jason Tuvia
Jul 9, 20243 min read


Hiring Undeterred by High Interest Rates; Office and Restaurant Spaces Benefit
Labor market moving closer to equilibrium even amid strong hiring. Total employment increased by 272,000 in May, coming in above the...

Jason Tuvia
Jun 6, 20243 min read


Home Prices and Borrowing Costs Climb, Further Constricting the Market
Higher mortgage rates influence buyer and seller motivation. The average 30-year fixed-rate mortgage climbed to a five-month high of 7.0...

Jason Tuvia
May 28, 20242 min read


April's Cooler Inflation Readings Mitigate Economy's Re-Acceleration Concerns
The key CPI measures resumed their descent in April. Annual growth in the headline and core consumer price indices—the latter omitting...

Jason Tuvia
May 23, 20242 min read


Demand Hits a First Quarter Record, but New Supply Curbs Vacancy and Rent Progress
Robust Demand Momentum The multifamily sector experienced substantial demand growth in the first quarter of 2024, with a record-breaking...

Jason Tuvia
May 16, 20242 min read


CRE Debt and Distress
Commercial Real Estate Market Overview Despite challenges posed by rising interest rates since March 2022, the commercial real estate...

Jason Tuvia
May 1, 20242 min read


Divergent Residential Construction May Provide Greater Balance Longer Term
Single-family accounts for a growing share of development. Multifamily and single-family construction trends are moving in opposite...

Jason Tuvia
Apr 26, 20242 min read


Consumer Resilience Offers Benefits and Drawbacks for Commercial Real Estate
Key GDP growth contributors post positive results. Real gross domestic product increased at an annual rate of 1.6 percent during the...

Jason Tuvia
Apr 26, 20242 min read


Unexpected Jump in Prices May Push Rate Cut Timeline
Energy cost spikes have led to an increase in inflation. Mounting costs for gasoline and electricity kept overall inflation elevated over...

Jason Tuvia
Apr 12, 20243 min read


Immigration, Federal Aid Key Drivers Behind March’s Strong Hiring
Strong Job Market Continues to Thrive In March, the U.S. job market continued its impressive streak, marking the 39th consecutive month...

Jason Tuvia
Apr 8, 20242 min read


Housing Market Enters Spring Thaw as Listings, Sales Gain Momentum
More Prospective Buyers and Sellers Coming to Terms The number of existing single-family homes available for purchase swelled to a...

Jason Tuvia
Mar 27, 20242 min read


Fed Maintains Caution; Real Estate Investment Gradually Gaining Momentum
Inflation Trends Cloud Fed's Path Still-elevated inflation is leading Wall Street participants to delay expectations for the Federal...

Jason Tuvia
Mar 20, 20243 min read


Resilient Job Growth With Uptick in Unemployment Could be the Perfect Mix
Rising Unemployment Releases Pressure on Inflation Employment growth accelerated in February with 275,000 jobs created, yet the...

Jason Tuvia
Mar 8, 20243 min read


Home Prices Hit All-Time High, Leading Apartment Renters to Favor Long Leases
Window of Stronger Buyer Demand Lifts Home Prices The median sale price of an existing single-family home surged to a record high of...

Jason Tuvia
Feb 28, 20242 min read


While Challenging for the Fed, Strong Demand for Services is a Positive Sign for CRE
Inflation metrics are showing a mixed picture, with the headline Consumer Price Index (CPI) rising 3.1 percent over the year ended...

Jason Tuvia
Feb 15, 20242 min read
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