ECONOMIC UPDATE 5.31.2024

ECONOMIC UPDATE 5.31.2024

CRE LOAN MODIFICATIONS RISE AMID HIGH-RATE ENVIRONMENT According to a new report by Trepp, CMBS loan modifications rose dramatically in 2023 as a significant swell of loans are set to mature in the coming quarters. Modification volumes peaked mid-year 2023, climbing...
ECONOMIC UPDATE 5.17.2024

ECONOMIC UPDATE 5.17.2024

LARGE FUNDS INCREASE CRE FOOTPRINT A recent analysis by Reuters details how large funds are increasing their CRE market share as traditional lenders such as banks pull back. Stricter capital rules for banks and recent regional bank failures in the US have led to a...
State of the Market 2024

State of the Market 2024

Take a look into the current state of the Commercial Real Estate market in 2024 with insights about the top six considerations.   MACROECONOMY & LABOR ENVIRONMENT Economic Growth and Labor Markets: US economic growth led all G7 nations in 2023, growing by...
ECONOMIC UPDATE 4.26.2024

ECONOMIC UPDATE 4.26.2024

FIRST-QUARTER GDP The US economy expanded by a 1.6% annualized rate during the first quarter of 2023, according to the latest data from the US Bureau of Economic Analysis. First quarter GDP fell short of most estimates. Economists surveyed by Bloomberg, on average,...
ECONOMIC UPDATE 4.12.2024

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...