SVN® International Corp. Economic Update – Keeping our clients up-to-date about the latest real estate landscape trends.
Fannie Mae’s recent survey indicates that while home buyers are adapting to higher mortgage rates, sentiments toward the housing market have become more negative. The survey reveals that perceptions of whether it’s a good time to buy or sell a home have improved, suggesting a growing acceptance of the higher rate environment. However, the majority of consumers still view the current time as unfavorable for buying a house, indicating potential for increased activity if interest rates decrease slightly.
Meanwhile, in economic indicators, the Logistics Managers’ Index shows a robust expansion in US logistics activity, signaling a healthy recovery in industries affecting warehousing and transportation. Though transportation prices continue to outpace capacity, indicating ongoing challenges, recent data suggests firms are preparing for sustained consumer spending levels. Blackstone’s significant deal to acquire AIR Communities reflects optimism in commercial real estate, with CMBS issuance surging, potentially signaling an improved financing market ahead, contingent on interest rate trends.
Click below to keep reading about the latest updates including the March Jobs Report, construction spending, recent office activity, and more!
