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Employment Gains Echo Economic Stamina As Higher Interest Rates Add Hurdles
Job growth overcomes inflation concerns. Total employment increased by 390,000 personnel in May, consistent with April hiring, while the...

Jason Tuvia
Jun 2, 20222 min read


Home Purchases Continue to Slide, But Prices Keep Rising
Drop in home sales reflects a new mortgage rate climate. Home buying has cooled off significantly, with the overall sales volume...

Jason Tuvia
May 25, 20222 min read


Tuvia Multifamily Memo: Los Angeles Multifamily market Shift Update
The past 30 days or so marked the beginning of a market shift. Every investor is trying to understand how the Fed’s aggressive stance...

Jason Tuvia
May 24, 20224 min read


Fed Hikes Rate as Expected; Real Estate Sustains Strong Fundamentals
Fed continues along established stratagem to combat inflation. On May 4 the Federal Reserve raised the Federal Funds rate by 50 basis...

Jason Tuvia
May 6, 20221 min read


Home Buying Eases as Mortgage Rates Nearly Double the Pandemic Low
Pending home sales reveal impact of mortgage rate surge. Upward pressure on mortgage rates from lofty inflation and the Fed’s plan to...

Jason Tuvia
May 2, 20221 min read


Disrupted Trade Stalls GDP in First Quarter, Underpins Industrial Demand
First quarter GDP contraction not a concern. Gross domestic product fell by an annualized rate of 1.4 percent in the opening quarter of...

Jason Tuvia
Apr 27, 20222 min read


High Inflation Environment Places Spotlight on Multifamily, Self-Storage and Hotel Assets
Inflation pressures persist. The Consumer Price Index increased by another multidecade high margin in March as multiple factors drive...

Jason Tuvia
Apr 24, 20222 min read


Gateway Metro Apartment Performances Gain Momentum
Leasing volumes robust. After encountering a disproportionate number of hurdles in 2020 and early 2021, apartment demand has soared in...

Jason Tuvia
Apr 18, 20222 min read


Broader Economic Recovery and Dispersal of New Units a Boon for Los Angeles’ Largest Regions
Vacancy historically low in downtown and Silicon Beach. Apartment demand in two of Los Angeles County’s largest employment hubs is...

Jason Tuvia
Apr 13, 20222 min read


Falling Unemployment Reiterates Broad Job Recovery; Investor Sentiment Strong
Unemployment rate nears parity with pre-pandemic. Staff counts expanded by 431,000 in March, helping lower the unemployment rate to 3.6...

Jason Tuvia
Apr 3, 20222 min read


Affordability Spread Remains Large, Despite Multifamily Rent Escalation
Home prices climbing, despite a slowdown in buying. For the first time since 2019, the average rate for a 30-year mortgage breached 4...

Jason Tuvia
Mar 29, 20222 min read


Ukraine Crisis Reverberating Across the Globe; U.S. Real Estate Positioned to Withstand Impacts
The humanitarian, social and political crisis unfolding in Ukraine has begun to deliver some economic fallout in both global and United...

Jason Tuvia
Mar 10, 20221 min read


Mortgage Rate Swell Has Yet to Extinguish Hot Home Prices
Owners display a preference to stay put. The number of existing homes for sale continued to abate in January, reaching just 850,000...

Jason Tuvia
Mar 9, 20222 min read


Tuvia Multifamily Memo - February 2022
What's in Store for Los Angeles Multifamily in 2022? 2021 ended up an extremely active year in every sector of commercial real estate,...

Jason Tuvia
Feb 25, 20224 min read


GDP Growth Strong in Fourth Quarter; Fed Actions To Play Large Role in 2022
Economy exceeds expectations in fourth quarter. Annualized gross domestic product jumped 6.9 percent in the final period of last year,...

Jason Tuvia
Feb 1, 20222 min read


Higher Mortgage Rates Create Favorable Reverberations for Commercial Real Estate
Mortgage rates surge to a pandemic-era high. Following a steady but mild ascent at the end of last year, the growth trajectory of the...

Jason Tuvia
Jan 28, 20222 min read


Labor Market Tightens Further, Fostering Upward Pressure on Wages, Interest Rates
In rare feat, unemployment drops below 4 percent. Employers added 199,000 personnel to payrolls in December, below the 2021 monthly...

Jason Tuvia
Jan 11, 20222 min read


Multifamily Developers to Plug Some Holes in the Housing Shortage in 2022
Swell in homebuying inflames shortfall. In late 2021, the single-family housing landscape mirrored the conditions witnessed earlier in...

Jason Tuvia
Jan 5, 20222 min read


Record Year for Job Growth Ending on Slower Note As Labor Slack Tightens
Lackluster employment growth a sign of tight labor market. Employers added 210,000 personnel in November, below this year’s monthly...

Jason Tuvia
Dec 6, 20212 min read


Homebuyers Still Endure Considerable Barriers Despite a Jump in New Inventory
New home listings elevate, but dynamics tell a different story. In the month of October, the number of new homes available for purchase...

Jason Tuvia
Nov 30, 20212 min read
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