SVN® International Corp. Economic Update – Keeping our clients up-to-date about the latest real estate landscape trends.
Inflation eased in August, with the Consumer Price Index (CPI) rising just 0.2% month-over-month, bringing the annual rate down to 2.5%, its lowest since February 2021. Core-CPI rose 0.3%, slightly above July’s pace, but remains at a three-year low, suggesting potential for a September rate cut by the Federal Reserve.
In the commercial real estate sector, transaction activity has been steadily increasing since March, indicating a strong finish for the year is expected, especially with potential rate cuts on the horizon. Multifamily rent growth remained flat in August as the market anticipates an upcoming rate cut, which is expected to stimulate refinancing and reduce pressure on underwater properties. Despite a cooling economy and potential impacts from election volatility, the CRE market shows resilience, with ongoing demand poised to drive future growth.
Click below to keep reading about the latest updates including small business optimism, impacts on transit-oriented development, and more!
