Category: economics
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Real Estate Trends
By James Forsyth Notes below from a recent real estate luncheon in Sarasota, FL Excerpts relating to Commercial asset classes below; ‘On the seller side, Saunders mentioned that those who did not sell at the height of the market are…
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US Multifamily Demand Picks Up Steam
By Bill Kitchens and Itziar Aguirre via CoStar NewsReIntelligent.com Apartment demand is rising across U.S. several markets through the first half of 2023, an encouraging turn after demand underperformed last year. Dallas-Fort Worth, Houston, Phoenix, Atlanta and Austin, Texas, all report…
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‘… It’s tearin’ up my heart when I’m with you’
“… It’s tearin’ up my heart when I’m with youBut when we are apart, I feel it tooAnd no matter what I do, I feel the painWith or without you” ~ NSYNC Recession fears ease thanks to promising economic data, helping…
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June 2023 Car Loan Rates
From @DrTCJ Explosive Car Loan Rates June 2023 Average Car Loan Rates – APR Cox Automotive 8.91% new cars13.50% used cars Edmunds.com 7.1% new cars11% used cars @NerdWallet
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Inflation numbers
US Inflation Rate (CPI), YoY % Change… Jun 2022: 9.1%Jul 2022: 8.5%Aug 2022: 8.3%Sep 2022: 8.2%Oct 2022: 7.7%Nov 2022: 7.1%Dec 2022: 6.5%Jan 2023: 6.4%Feb 2023: 6.0%Mar 2023: 5.0%Apr 2023: 4.9%May 2023: 4.0%Jun 2023: 3.0% From @EPBResearch Shelter/Rent is adding ~150bps…
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Average build times for construction 2022
Thought this information was interesting. The average time to build a new single-family home in 2022 was 9.6 months, 6 weeks longer than in 2021 Average Build Times 8.9 months built for sale11.6 months build to rent11.3 months built by…
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U.S. Rents Fall for First Time in 3 Years
By Kerry Smith via floridarealtors.org Study: March asking rents fell 0.4% to $1,937 year-to-year, the lowest level in 13 months. But 4 Fla. cities in the study saw increases ranging from 0.7% to 3.9%. The median U.S. asking rent fell…
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Bending but not Breaking…
Bend but not Breaking There have been 41 corporate defaults in the U.S. and one in Canada so far this year, the most in any region globally and more than double the same period in 2022, according to Moody’s Investors…
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