SVN® International Corp. Economic Update – Keeping our clients up-to-date about the latest real estate landscape trends.
The Federal Reserve is expected to cut interest rates for the first time in over two years, with markets predicting a 100% chance of a cut in September 2024. While the labor market has cooled, with unemployment rising to 4.3%, productivity remains strong and recession risks are low.
Housing affordability has emerged as a key issue, especially in swing states where home prices have surged faster than the national average. While in commercial real estate, prices have largely stabilized, with the industrial sector showing the strongest growth and, retail and office spaces facing more challenges.
Click below to keep reading about the latest updates including SFR rents, multifamily investment trends, and more!
