Commercial Real Estate & Business News – September 3, 2024

The Federal Reserve’s top metric for tracking inflation showed July prices in line with expectations, providing a key data point as the central bank decides how much to cut rates at its next meeting. The core Personal Consumption Expenditures index rose 0.2% in July from June, matching up with Wall Street’s…»

All signals indicate the Federal Reserve Open Market Committee will cut rates at its September meeting after eight consecutive rate pauses. With the unemployment rate rising to 4.3% in July and inflation levels measuring less than a percentage point above the Fed’s long-term target of 2%…»

There was positive news for the retail sector as MRI Software reported a 0.9% footfall increase between July and August, after a hotter end to the month and major music events, such as Taylor Swift’s “Eras Tour” brought Brits out to the shops. It was also a month which saw a number of big-name…»

Despite a sharp increase in multifamily starts in July to 363,000 units, the category and permits have continued to slow from peak levels in 2022. Annualized multifamily starts were up 11.7% in July, but still down 21.8% from the same time last year, according to an analysis by RealPage…»

Suburbs are often popular choices for people to live in, especially those with families, due to their wide variety of amenities, proximity to big cities without the hustle and often more affordable home prices. However, many suburbs suffered after the pandemic, and if you’re moving to…»