Commercial Real Estate & Business News – December 30, 2020

Fed Predicts Faster Decline in Unemployment in 2021, but Sticks to Cautious Forecast for the U.S. Economy
The Federal Reserve on Wednesday predicted the U.S. unemployment rate would fall faster in 2021 than it previously believed, but it stuck to a cautious forecast for the broader U.S. economic recovery. A few months ago, the Fed had estimated the unemployment rate would decline to 5.5% in 2021…»
Supermarket Customer Satisfaction Rebounds Amid Pandemic
Customer satisfaction with supermarkets is up as both shoppers and retailers have adapted to conditions under the nine-month-old coronavirus crisis, new research from The Retail Feedback Group (RFG) shows. In RFG’s Fall 2020 U.S. Online & In-Store Grocery Shopping Study, released…»
Health and Wellness Real Estate is Moving from ‘Elective to Essential’
In early 2020, before the start of the COVID-19 pandemic, a team of designers from Evanston, Ill.–based Morgante-Wilson Architects set out with a photographer to shoot the amenity spaces at its most recent multifamily interiors project, 727 West Madison, a newly completed apartment…»
The Looming Danger Facing the Affordable Housing Industry
The economic hardships wrought by the coronavirus pandemic will be long-term, and millions of renters and homeowners alike could take a serious hit in the upcoming months, affordable housing experts said on a recent webinar hosted by Freddie Mac. Despite economists’ more optimistic housing…»
Here’s Why the Metro Phoenix Luxury Home Market is Booming
The local luxury home market is booming right now, part of which can be credited to Launch Real Estate, one of the premier boutique luxury brokerages in Maricopa County, which had 38 closings in September 2020 alone that were more than $1 million and doesn’t show signs of slowing down. Az Business spoke…»