SVN® Internation Corp. Economic Update – Keeping our clients up-to-date about the latest trends affecting the real estate landscape.
A recent report by UBS attempts to answer 6 of the “most burning questions” facing CRE in the face of converging economic trends. The firm expects home prices to stay afloat due to the supply-demand imbalance with potential increases in 2024. It also predicts that CRE distress may increase in the short run, but a highly capitalized financial system likely limits its impact.
Click below for highlights from the Bureau of Labor Statistics on the September Jobs Report, job openings, and labor turnover, FOMC Meeting Minutes, tax incentives, US Home Affordability Report by ATTOM, and more!