by Alexis Black | Jul 31, 2023
1. FED INTEREST RATE DECISION • On July 26th, The Federal Reserve raised their benchmark interest-rate by 25 bps, reversing a pause in rate-hikes that occurred in June. • While the June pause was intended to start a “wait and see” approach by officials, their meeting...
by Alexis Black | Jul 26, 2023
JULY 2023, SALISBURY, MD – The McClellan Team with SVN | Miller Commercial Real Estate recently sold 1315 S Salisbury Boulevard in Salisbury, MD. The team worked with Howard Properties to sell the former Parties Etc. property, located just across from Salisbury...
by Alexis Black | Jul 17, 2023
JULY 2023, SALISBURY, MD – SVN | Miller Commercial Real Estate Senior Advisor Tonney Insley and Managing Director Brent Miller brokered the long-term lease of 4,000 square feet at 2320 N Salisbury Blvd in Salisbury, MD (the former Pier 1 Imports). The deal will...
by Alexis Black | Jul 17, 2023
1. INFLATION • The consumer price index (CPI) rose by 0.2% month-over-month and 3.0% year-over-year through June, according to the latest numbers from the Bureau of Labor Statistics. June’s monthly pace was a slightly uptick from May, but inflation continued to trend...
by Alexis Black | Jul 3, 2023
1. INTEREST RATE OUTLOOK • Despite the Federal Reserve’s decision to hold rates constant at their June meeting, current market forecasts project an 81.8% chance that the FOMC will move forward with a 25-basis point hike in July, according to the Chicago Mercantile...
