Retail sales typically make up 70 percent of GDP and thus are the core of the US. economy. On a seasonally adjusted basis, retail sales dipped 0.7 percent sequentially from November, making it the third consecutive monthly decline as the pandemic increased intensity. On a year-over-year basis, however, sales were up 1.6 percent – after…Read More
Mortgage rates reached a new record low this week, with the 30-year fixed-rate mortgage falling to its lowest average ever since Freddie Mac began tracking such data in 1971. “The size and depth of the secondary mortgage market is helping to keep rates at record lows,” says Sam Khater, Freddie Mac’s chief economist. “These low…Read More
From the Chief Economist of the National Association for REALTORS®, Lawrence Yun presents trends and issues in the Commercial Real Estate Economy with insightful outlooks using visual representations of growth and speculation. Presented originally on November 2nd at the REALTORS®. Click here to view the presentation.
Rapid technological advancements and significant demographic shifts significantly influence the real estate industry. These various factors like growing urbanization, the longevity of Baby Boomers and differentiated lifestyle patterns of Millennials are changing the way people value real estate. Add into the mix macroeconomic and regulatory developments, and you have the perfect storm for some significant…Read More
If you’re just starting the journey of exploring new office space options for your business, you may be tempted to independently start browsing online or stop in a few locations that are advertising space for lease. What’s the harm in getting a head start? A phone call to inquire about the details of a vacancy…Read More