SVN® International Corp. Economic Update – Keeping our clients up-to-date about the latest real estate landscape trends.
In October 2024, the U.S. economy showed stable activity with retail sales on the rise, while mortgage demand declined amid increasing interest rates. CMBS delinquencies increased, especially within the retail and office sectors, and commercial foreclosures remained higher than pre-pandemic levels. Additionally, consumer sentiment softened slightly, with inflation disproportionately affecting low-income households.
On the positive side, on-time rent payments among independent landlords improved, and foreign-born households contributed significantly to rental demand. Meanwhile, new funding opportunities may emerge in the office sector as loan maturities approach, indicating potential shifts in the market. These trends suggest a mixed economic outlook, offering both challenges and opportunities for investors.
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