Commercial Real Estate & Business News November 12, 2019
Arizona Ranked No. 1 Inbound State in the Nation A recent American Enterprise Institute (AEI) comparison ranked Arizona the number one inbound state in the nation. The inbound-outbound ranking is determined by the percentage of people moving to the state versus those leaving in 2018 based on Census Bureau data. The comparison also reviewed indicators related […]
Commercial Real Estate & Business News November 8, 2019
Low U.S. Interest Rates Are Fueling a Bubble in Commercial Real Estate At their October meeting, Federal Reserve officials once again cut interest rates. The central benchmark rate fell from 1.75 percent to 1.50 percent. The 180-degree interest rate turn continues. It seems like a lifetime, but only a year ago, the Fed indicated rates would […]
Commercial Real Estate & Business News November 7, 2019
Construction Materials Costs Are Expected to Rise The prices of many construction materials may rise again in 2020. “I think the lull in materials cost increases is close to ending,” says Ken Simonson, chief economist for the Associated General Contractors of America (AGC). Despite trade tensions between the U.S. and nearly all of its major trading […]
Commercial Real Estate & Business News November 6, 2019
Nonresidential Construction Continues to Add Jobs The construction industry added 10,000 net new jobs in October, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 148,000 jobs or 2%. Nonresidential construction employment increased by 4,000 jobs on […]
Commercial Real Estate & Business News November 5, 2019
CoStar Economy: A Pause in Rate Cuts Rests on the Backs of Consumers We’ve spent a lot of time over the years, too much time perhaps, parsing Federal Reserve statements after every meeting for insights into the Open Market Committee’s thinking and what that may mean for the future of policy. Why? Not because it’s fun! […]
Commercial Real Estate & Business News November 4, 2019
Why Secondary and Tertiary Markets Present a Compelling Multifamily Investment Opportunity CRE cap rates are expected to remain unchanged, but investors looking for financing should benefit from lower rates.The Federal Reserve opted to cut interest rates for the third time this year at its October meeting, by a quarter percentage point, to a range of 1.50 to 1.75 […]