Commercial Real Estate & Business News – September 1, 2017

Despite headlines that Amazon (AMZN) is “eating the retail world,” a new report from Moody’s Investors Service suggests the e-commerce giant may be the weakest of the big retailers. The Moody’s report continues: “And even based on that measure, one could argue that Amazon has been ‘buying’ sales for the past 15 years, considering profits have not been its primary focus – unlike other retailers”…»

U.S. CMBS issuance reached $21.2 billion in the second quarter of 2017, more than doubling the volume achieved in the first quarter of the year. Market insiders now predict that issuance for the whole of 2017 will surpass 2016’s level of $69.3 billion…»

Ahead of the monthly employment numbers on Friday, the Bureau of Labor Statistics released a separate report on Wednesday revealing that unemployment rates were lower in July than a year earlier in 340 of the 388 U.S. metropolitan areas, higher in 39 areas, and unchanged in nine areas…»

More first time buyers in the United States are fulfilling their dream of owning their own home, reaching their highest level in the second quarter of 2017 for over a decade. They bought 570,000 single family homes, up from 426,000 in the previous quarter, reaching the highest level for a second quarter since 1999…»

In a study conducted by WalletHub, Gilbert ranked third best real estate market for midsize cities and fourth most affordable real estate market. WalletHub conducted a study ranking 300 U.S. cities by the best and worst real estate markets. It identified 21 indicators of housing-marking attractiveness including factors such as job growth, home prices as percentage of income, foreclosure rates, median home-price appreciation, and many more…»