ECONOMIC UPDATE 4.12.2024
HOMEBUYERS ADJUSTING TO HIGHER INTEREST RATES A new survey by Fannie Mae suggests that home buyers are gradually adjusting to higher mortgage rates despite increasingly negative sentiments about the housing market. Fannie Mae’s Home Purchase Sentiment Index dropped in...
ECONOMIC UPDATE 3.29.2024
INDUSTRIAL’S LARGEST OPERATORS EXPAND According to an article by Commercial Observer, Industrial real estate heavyweights Prologis and Link Logistics are leading an ongoing expansion in warehouse use despite recent reports of a post-COVID boom slow in demand....
ECONOMIC UPDATE 3.15.2024
CURRENT ECONOMIC CONDITIONS (BEIGE BOOK) According to the March 6th, 2024, release of the Federal Reserve’s Beige Book, national economic activity increased over the previous six-week period. Eight of the twelve Federal Reserve districts reported slight to modest...
Amazing Turnout at the 2024 SVN Economic Forum
SVN® | Commercial Advisors held their 14th annual Economic Forum breakfast event on February 23, 2024. The turnout was incredible as a record-breaking 327 attendees filled out the Salem Convention Center Willamette Ballroom. Salem Mayor Chris Hoy gave welcoming...
ECONOMIC UPDATE 2.23.2024
INFLATION According to the Bureau of Labor Statistics, the Consumer Price Index rose 0.3% month over month in January and 3.1% annually. The monthly pace of CPI rose above market expectations and triggered a brief reversal in equity markets. Fed officials have also...
ECONOMIC UPDATE 2.9.2024
1. FOMC INTEREST RATE DECISION The FOMC left its benchmark federal funds rate unchanged at its January policy meeting as improving inflation and consumer expectations data has reduced the committee’s need to continue its monetary tightening. Still, the timing of...
The Transforming Office | Rethinking Vacant Downtown Offices: A Creative Approach to Repurposing Space
By Cameron Williams, Director of Research, SVN International Corp. Downtown office vacancies continue to climb, with a significant portion of the workforce operating remotely. The trend away from traditional office usage is reflected in a projection that office...
ECONOMIC UPDATE 1.26.2024
Real US GDP expanded at a 3.3% annualized rate during Q4 of 2023, according to the advanced estimate from the US Bureau of Economic Analysis. The estimate surpasses the consensus projection of 2% and follows a 4.9% growth rate in Q3, bringing total 2023 US GDP to 2.5% compared to 1.9% in 2022.
ECONOMIC UPDATE 1.5.2024
1. DECEMBER JOBS REPORT US nonfarm payrolls increased by 216,000 in December, above November’s growth of 173,000 jobs and exceeding the consensus estimate of 170,000 according to the Census Bureau’s latest employment report. Meanwhile, initial jobless claims fell...