Economic Update – May 17, 2024

Economic Update – May 17, 2024

1. LARGE FUNDS INCREASE CRE FOOTPRINT • A recent analysis by Reuters details how large funds are increasing their CRE market share as traditional lenders such as banks pull back. • Stricter capital rules for banks and recent regional bank failures in the US have led...

read more
Economic Update – April 26, 2024

Economic Update – April 26, 2024

1. FIRST-QUARTER GDP • The US economy expanded by a 1.6% annualized rate during the first quarter of 2023, according to the latest data from the US Bureau of Economic Analysis. • First quarter GDP fell short of most estimates. Economists surveyed by Bloomberg, on...

read more
Economic Update – April 12, 2024

Economic Update – April 12, 2024

1. HOMEBUYERS ADJUSTING TO HIGHER INTEREST RATES • A new survey by Fannie Mae suggests that home buyers are gradually adjusting to higher mortgage rates despite increasingly negative sentiments about the housing market. • Fannie Mae’s Home Purchase Sentiment Index...

read more
Economic Update – March 29, 2024

Economic Update – March 29, 2024

1. INDUSTRIAL’S LARGEST OPERATORS EXPAND • According to an article by Commercial Observer, Industrial real estate heavyweights Prologis and Link Logistics are leading an ongoing expansion in warehouse use despite recent reports of a post-COVID-boom slow in demand. •...

read more
Economic Update – March 15, 2024

Economic Update – March 15, 2024

1. CURRENT ECONOMIC CONDITIONS (BEIGE BOOK) • According to the March 6th, 2024, release of the Federal Reserve’s Beige Book, national economic activity increased over the previous six-week period. • Eight of the twelve Federal Reserve districts reported slight to...

read more
Economic Update – February 23, 2024

Economic Update – February 23, 2024

1. INFLATION • According to the Bureau of Labor Statistics, the Consumer Price Index rose 0.3% month over month in January and 3.1% annually. • The monthly pace of CPI rose above market expectations and triggered a brief reversal in equity markets. Fed officials have...

read more