Commercial Real Estate & Business News – September 9, 2024
Fed’s Waller, Williams Signal Upcoming Rate Cut Following a weaker-than-expected jobs report, two Federal Reserve policymakers on Friday said separately that the time has arrived to begin lowering the benchmark federal funds rate. Federal Reserve Governor Christopher Waller and New York Federal Reserve President…» CRE Prices Are Stabilizing The commercial real estate sector remains for […]
Commercial Real Estate & Business News – September 6, 2024
Apartment Earnings Point to Continued Momentum The positive momentum that began in the first quarter for the apartment sector has largely carried forward into peak leasing season across most markets, according to a RealPage review of Q2 earnings reported by larger multifamily REITs. Apartment demand continued to be strong during…» Scottsdale-based Putting World looks to […]
Commercial Real Estate & Business News – September 5, 2024
Commercial and multifamily borrowing and lending is expected to see a 26% increase from last year’s total of $429 billion. The Mortgage Bankers Association (MBA) in its updated baseline forecast is calling for the year’s total to be $539 billion. For multifamily lending alone, the MBA expects…» Landlords Face $1.5T Maturity Wall Before 2026 For […]
Commercial Real Estate & Business News – September 4, 2024
Phoenix Industrial Development Leads the US In line with last year’s trend, Phoenix has solidified its position as the leading market for industrial development in the country. The region’s growth is propelled by high-tech sectors, including semiconductor manufacturing and data centers, which are infusing…» Metro Phoenix is Adding more Apartments. Here’s how many New Units […]
Commercial Real Estate & Business News – September 3, 2024
Fed’s Preferred Inflation Gauge Provides Another Signal For September Rate Cut 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 […]
Commercial Real Estate & Business News – August 30, 2024
The U.S. economy grew 3% in the second quarter — faster than initially thought The U.S. economy grew faster in the second quarter of 2024 than first reported, suggesting there was little sign of a slowdown through the first six months of the year. The latest reading of the gross domestic product (GDP) published by […]