Commercial Real Estate & Business News – January 29, 2015
Sales of New U.S. Homes Rose More Than Forecast to End 2014 Purchases of new homes in the U.S. jumped in December to the highest level in more than six years, a sign the industry is poised to keep expanding in 2015. Sales increased 11.6 percent to a 481,000 annualized pace, exceeding all estimates in […]
Commercial Real Estate & Business News – January 28, 2015
Lenders Still Chasing Multifamily Loans Lenders are still eager to make loans on apartment properties, and grew their multifamily lending business again in the third quarter of 2014. “There has been a strong appetite to lend to multifamily in the last few years,” says Jamie Woodwell, vice president of commercial/multifamily research for the Mortgage Bankers […]
Commercial Real Estate & Business News – January 27, 2015
Market Trend: Phoenix Office Vacancy Decreases to 16.9% The Phoenix Office market ended the fourth quarter 2014 with a vacancy rate of 16.9%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 1,199,018 square feet in the fourth quarter. That compares to positive 638,959 square feet in the third quarter […]
Commercial Real Estate & Business News – January 26, 2015
Generation Y Prefers Suburban Home Over City Condo One of the hottest debates among housing economists these days isn?t the trajectory of home sales, but whether millennials, those born in the 1980s and 1990s, want to remain urbanites or eventually relocate to the suburbs. Some demographers and economists argue that the preference of millennials, also […]
Commercial Real Estate & Business News – January 23, 2015
Economy Watch: More Evidence of Apartments Still Having Long Runway Any time a boom lasts more than a short while, the question naturally surfaces: How much longer can this go on? Doesn?t the party have to end sometime? All good times do come to an end, but in the case of the running boom for […]
Commercial Real Estate & Business News – January 22, 2015
Retail Sales Expected to Rise 4.5% in 2015 The outlook for the retail industry looks bright, with lower prices at the pump and decreasing unemployment boding well for consumer spending. Retail sales are expected to rise 4.5% in 2015, which is about one percentage point stronger than 2014 growth, according to a report by Kantar […]