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Sturdy Labor Market Sustains Positive Momentum for Multifamily and Retail
As we find ourselves in the midst of 2023, economic indicators are shedding light on the state of employment, real estate, and potential...

Jason Tuvia
Jul 9, 20233 min read


Consumers Tighten Budgets as Student Loan Payments Resume
The landscape of student loans is experiencing significant shifts that will undoubtedly influence various aspects of our economy. From...

Jason Tuvia
Jul 9, 20232 min read


Higher-Wage Households Renting as Home Prices Get a Summer Sizzle
The real estate market continues to be a hot topic in mid-2023, with sellers maintaining the upper hand due to a shortage of housing...

Jason Tuvia
Jun 29, 20233 min read


CPACE Financing Alternative Gaining Traction in Higher-Cost Capital Markets Environment
The 10-Year Treasury sits in the upper-3 percent range, with the one-month Term SOFR in the low-5 percent zone. The cheapest interest...

Jason Tuvia
Jun 19, 20234 min read


Inflation Halves Peak Rate, Giving Fed Room to Maneuver in Future Meetings
Inflation slows to a 27-month low. The headline consumer price index rose by 4.0 percent year-over-year in May, less than half the 9.1...

Jason Tuvia
Jun 15, 20232 min read


Fed Takes a Rate Hike Hiatus, Granting Investors Time to Calibrate
Federal Reserve pauses in June to assess data. The Federal Open Market Committee held their policy rate flat at a lower bound of 5...

Jason Tuvia
Jun 14, 20233 min read


Last-Minute Resolution Averts Default; Mixed Impacts for Commercial Properties
Bipartisan agreement avoids potential catastrophe. President Biden and House Speaker McCarthy reached a tentative agreement on May 27 to...

Jason Tuvia
Jun 1, 20232 min read


May Hiring Reflects Favorable Outlooks for Hotel and Industrial Properties
Hiring reaches four-month high. Employers across the country created 339,000 new jobs last month, the most since January. Hiring occurred...

Jason Tuvia
Jun 1, 20233 min read


Home Prices Softened Nationally, with the Sharpest Drops West of the Mississippi
Valuations are below 2022 highs but creeping back up. The median sale price of an existing single-family house was down 2.1 percent...

Jason Tuvia
May 23, 20232 min read


Tighter Credit Tempers Consumer Price Pressures, but Also Curtails Lending
Inflation descending at a more subdued pace. Annual growth in the headline consumer price index (CPI) slowed to 4.9 percent in April,...

Jason Tuvia
May 16, 20232 min read


April’s Jobs Report a Positive for Real Estate, but Signs for Caution Ahead
Labor market continued to grow in April. Employers created 253,000 positions in April, up from the 165,000 jobs added in March but below...

Jason Tuvia
May 4, 20232 min read


Pent-Up Household Creation and Millennial Homeownership Deferment Overcomes Current Headwinds
Inflationary pressures, alongside an economic softening, are subduing household creation. Untimely, this coincides with record...

Jason Tuvia
May 3, 20236 min read


Fed Shifts to a Reactive Stance; Greater Lending Consistency May Be Coming
Federal funds rate pushed to 16-year high. On May 3, the Federal Open Market Committee lifted the overnight lending rate to a lower bound...

Jason Tuvia
May 3, 20232 min read


Foundational Long-Term Demand Drivers Overshadow Temporary Sector Flux
Most markets across the country are facing brief supply and demand imbalances as record construction coincides with economically hindered...

Jason Tuvia
May 1, 20233 min read


Risk of Banking Sector Disruption Driven by Commercial Real Estate Defaults Remains Low
Following the failures of Silicon Valley Bank and Signature Bank, concerns have arisen around small banks holding high concentrations of...

Jason Tuvia
Apr 12, 20234 min read


Tempering Job Creation May Herald Less Inflation and Interest Rate Pressure Ahead
Employers continuing to hire, but at tapering pace. The economy welcomed 236,000 new positions in March, the slowest month for job...

Jason Tuvia
Apr 6, 20232 min read


Elevated Interest Rates are Expected to Curb CRE Development in 2024
Construction starts hindered. A tight labor market, strong wage growth, and elevated costs for food, services and housing have all...

Jason Tuvia
Apr 3, 20232 min read


Softer Rate Hike Outlook Potentially Clears Some Hurdles for Investors
Banking shock prompts Fed to take a more measured approach. At its March 22 meeting, the Federal Open Market Committee raised the federal...

Jason Tuvia
Mar 22, 20232 min read


Bank Closures Could Sway Federal Reserve Decision, Fast Government Response Alleviates Concerns
The collapse of Silicon Valley Bank and Signature Bank sent shock waves through capital markets, but agencies have been quick to counter...

Jason Tuvia
Mar 19, 20235 min read


Postponed Millennial Flow to Homeownership and Pent-Up Young Adult Household Formation Combine
The largest population subset is approaching a life period that traditionally correlates with a transition to homeownership, but the...

Jason Tuvia
Mar 15, 20233 min read
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