Commercial Real Estate & Business News – September 9, 2024

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…»

The commercial real estate sector remains for the most part resilient and adaptable, as evidenced by a growing stability in property prices, according to Integra Realty Resources’ 2024 midyear report. While the office sector continues to…»

The gap between homeownership and rental costs has continued to widen during the second quarter, according to Newmark’s most recent multifamily capital markets report. The gap increased 26.7% year-over-year to $1,114. Meanwhile, MBA’s Mortgage Application Index, a housing and…»

The Arizona economy was solid through the first half of 2024. Job growth was strong, contributing to a record-low unemployment rate and a surge in the ratio of open jobs to unemployed residents. Income growth remained solid, with over-the-year growth outpacing decelerating…»

U.S. employers added a disappointing 142,000 jobs in August as hiring bounced back only partly after temporary hurdles curtailed payroll gains the previous month and sparked recession fears. And employment gains for June and July were revised down sharply, portraying an even weaker picture of the labor market in…»