{"id":1004043484,"date":"2012-07-25T05:57:42","date_gmt":"2012-07-25T13:57:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004043484"},"modified":"2020-04-07T05:46:56","modified_gmt":"2020-04-07T13:46:56","slug":"economy-watch-middle-market-firms-more-cautious-has-housing-hit-bottom","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-middle-market-firms-more-cautious-has-housing-hit-bottom\/","title":{"rendered":"Economy Watch: Middle-Market Firms More Cautious; Has Housing Hit Bottom?"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<p>Zillow reported that its Home <a href=\"https:\/\/www.calculatedriskblog.com\/2012\/07\/zillow-housing-market-turns-corner.html\" target=\"_blank\" rel=\"nofollow\">Value Index<\/a> rose on an annual basis for the first time since 2007, increasing 0.2 percent year-over-year to $149,300. The company\u2019s second quarter report also noted that home values have risen for four consecutive months.<\/p>\n<p>Does that mean that U.S. residential values have finally hit that elusive bottom? Zillow chief economist Stan Humphries says yes: \u201cAfter four months with rising home values and increasingly positive forecast data, it seems clear that the country has hit a bottom in home values,\u201d he remarked.<\/p>\n<p>But Humphries suggested that rising foreclosures could push more homes otto the market toward the end of the year, and more lower-priced homes at that. \u201cBut we think demand will rise to absorb that, particularly in markets where there are acute inventory shortages now,\u201d he added. \u00a0\u201cLooking forward, we expect home values to remain relatively flat as the market works through a backlog of <a title=\"Powered by Text-Enhance\" href=\"https:\/\/www.calculatedriskblog.com\/2012\/07\/zillow-housing-market-turns-corner.html\" target=\"_blank\" rel=\"nofollow\">foreclosures<\/a> and high rates of negative equity.\u201d<\/p>\n<p>Middle-Market Companies a Bit More Pessimistic<\/p>\n<p>The Middle Market Indicator, a quarterly survey by the National Center for Middle Market Research at Ohio State University, reported on Tuesday that U.S. middle-market companies continue to lose confidence in the U.S. and global economies, but are expecting their own revenue growth to continue, if at a slower pace. The respondents also anticipate that employment growth will remain stable into next year, though they believe gains will be modest.<\/p>\n<p>Conducted in June, the survey showed that middle market companies \u2013 in the opinion of 1,000 CEOs, CFOs and other executives of companies with annual revenues of $10 million to $1 billion \u2013 expect revenue growth to slow from 5.2 percent to 4.8 percent over the next 12 months. Companies projecting revenue increases of 10 percent or more in the next year dropped to 23 percent, compared with 28 percent in the first quarter. Even so, middle-market businesses continue to outpace S&amp;P 500 revenue projections, which were a reported 3.4 percent this quarter.<\/p>\n<p>\u201cThe middle market is the bellwether for the U.S. economy,\u201d commented Anil Makhija, academic director of the National Center for the Middle Market. \u201cThis quarter\u2019s indicator is showing that while the middle market continues to see revenue growth, hiring and job creation, it is becoming more conservative. Compared with last quarter\u2019s results, we are seeing some softening and a greater emphasis on building a stronger cash position.\u201d<\/p>\n<p>Europe on the Edge?<\/p>\n<p>Meanwhile, the Europe\u2019s financial pot continues to simmer, if not boil. \u201cWe believe that as of July 2012, Europe is sleepwalking toward a disaster of incalculable proportions,\u201d asserted a report published on Tuesday by the Institute for New Economic Thinking, a group of economists backed by George Soros. \u201cThe last domino, Spain, is days away from a liquidity crisis, according to its own finance minister.\u201d<\/p>\n<p>What to do? The economists have a number of suggestions, including greater short-term \u201cburden sharing\u201d for the economies that can afford it (that is, Germany). \u201cAbsent this collective constructive response, the euro will disintegrate,\u201d the report warned. Investors seem to be thinking similar thoughts: 10-Year U.S. Treasuries once again touched record low yields on Tuesday as money looked for perceived safety.<\/p>\n<p>Wall Street also continued to fret on Tuesday, with the Dow Jones Industrial Average losing 104.14 points, or 0.82 percent. The S&amp;P 500 dropped 0.9 percent and the Nasdaq was off 0.94 percent\u2014and that was before Apple announced (after the markets closed) that it has missed earnings expectations for the quarter, even though it\u2019s doing quite well.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zillow&#8217;s Home Value Index rose for the first time in five years; mid-sized firms expect  revenue growth to slow from 5.2 percent to 4.8 percent over the next 12 months. <\/p>\n","protected":false},"author":1269,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004043484","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Middle-Market Firms More Cautious; Has Housing Hit Bottom? - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-middle-market-firms-more-cautious-has-housing-hit-bottom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Middle-Market Firms More Cautious; Has Housing Hit Bottom?\" \/>\n<meta property=\"og:description\" content=\"Zillow&#039;s Home Value Index rose for the first time in five years; mid-sized firms expect revenue growth to slow from 5.2 percent to 4.8 percent over the next 12 months.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-middle-market-firms-more-cautious-has-housing-hit-bottom\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-07-25T13:57:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-07T13:46:56+00:00\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-middle-market-firms-more-cautious-has-housing-hit-bottom\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-middle-market-firms-more-cautious-has-housing-hit-bottom\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Economy Watch: Middle-Market Firms More Cautious; Has Housing Hit Bottom?\",\"datePublished\":\"2012-07-25T13:57:42+00:00\",\"dateModified\":\"2020-04-07T13:46:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-middle-market-firms-more-cautious-has-housing-hit-bottom\\\/\"},\"wordCount\":591,\"commentCount\":0,\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-middle-market-firms-more-cautious-has-housing-hit-bottom\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-middle-market-firms-more-cautious-has-housing-hit-bottom\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-middle-market-firms-more-cautious-has-housing-hit-bottom\\\/\",\"name\":\"Economy Watch: Middle-Market Firms More Cautious; Has Housing Hit Bottom? 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