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Economy Watch: CRE Growing, But Still Below Historic Levels
Following the Bureau of Economic Analysis’ report on U.S. GDP, the bureau released data on commercial real estate as a component of the overall economy and the numbers point to two interesting conclusions.
Economy Watch: Q3 GDP Drops, But Residential RE Investment Still Strong
Real U.S. gross domestic product increased at an annualized rate of 1.5 percent in the third quarter of 2015, according to the first estimate by the Bureau of Economic Analysis.
Economy Watch: Congress Acts, the Federal Reserve Doesn’t
On Wednesday, the U.S. House of Representatives passed a two-year budget deal that would prevent a repeat of the game of chicken that Congress played with the debt ceiling in 2011.
Walgreens Acquires Rite Aid in $17.2B Mega-Merger
Walgreens Boots Alliance announced plans to buy Rite Aid Corp. for $9 per share.
Economy Watch: Consumers, Investors a Bit Glum
There’s nervousness afoot about the U.S. economy and both consumers and investors seem to be feeling it, leading to distinct impacts on commercial and residential real estate.
Economy Watch: A Letdown in New Home Sales
Existing home sales in September were fairly healthy, but new home sales were down 11.5 percent compared to August, showing the possibility of a weakening housing market.
Real Estate Icon Fred Sands Dies at 77
Fred C. Sands, the founder of Fred Sands Realtors and Vintage Capital Group, died unexpectedly on Friday, October 23. at age 77.
Economy Watch Weekly: Apartment Development is Strong
This week, economy writer Dees Stribling analyzes apartment development and its future.
Economy Watch: Housing Sales Pick Up, But Inventory Anemic
Total existing home sales, which includes single-family homes but also for-sale multifamily units, increased 4.7 percent to an annualized rate of 5.55 million units in September from a slightly downwardly revised 5.3 million units in August, according to the National Assocation of Realtors.
Economy Watch: Apartment Market Fundaments Still Robust
Apartment development is fairly strong, as reported this week by the Census Bureau, but apparently not strong enough to meet demand.
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