Fox Business’s Maria Bartiromo asks Marcus & Millichap CEO Hessam Nadji for insight on the state of the U.S. housing market and commercial real estate.
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Yahoo! Finance Features Marcus & Millichap’s President and CEO Hessam Nadji. With mortgage rates down, should home sales be up?
Trade talks with China break down; protectionist policies accelerating. Following over a year of discussion with China, trade talks broke down, prompting the White House to raise tariffs to 25 percent on $200 billion of Chinese imports. The recent escalation represents the latest developments in trade talks that have been ongoing for over a year. Notable tariffs are currently in place covering steel and aluminum, as well as washing machines and solar panels. However, the… Read More
Slight pickup in construction unlikely to alter demand dynamics. Amid steady job growth in the New York City economy, the apartment market is booming as single-family homes remain unreachable for most residents. Following the cyclical peak in multifamily construction in 2017, development has steadily declined, prompting incredibly tight vacancy rates metro-wide. All boroughs, with the exception of Manhattan, maintain vacancy rates below 2 percent, which has begun to sponsor tremendous growth in the average effective… Read More
Improved employment growth supporting historically low joblessness. Employers added 236,000 positions in April, bringing the year’s total job creation to 820,000, which is on par with previous years in this cycle. Expanded hiring activity compared with March drove the unemployment rate down to 3.6 percent, its lowest level in nearly 50 years.
CNBC Features Marcus & Millichap’s President and CEO Hessam Nadji. Apartments Shine Amid Trade War Uncertainty
Retail sales showing consistency as year progresses. Softened consumer confidence in March had little impact on spending as core retail sales advanced 3.6 percent year over year. A second consecutive month of moderate yet steady growth can be traced to the healthy job market, rising income levels and increasing spending power. Though overall consumption grew at a stable pace, sales growth was concentrated in a few areas, including e-commerce.
Investors coming off another robust year of investment sales activity appear to be adopting a more conservative outlook, but sentiment levels point to an active 2019.
Job growth rebounds in March; pace of hiring moderating. Removed from the disrupting effects of the partial government shutdown and winter storms, U.S. employers created a combined 196,000 jobs last month, well above the 33,000 personnel who were added to payrolls in February. Employment gains for the first quarter bring the average monthly total to 180,000, down 19 percent from the first quarter of 2018. The decline in hiring is in line with the current… Read More
Retail spending slows amid economic concerns. A moderating economy became more evident in February as core retail sales advanced 2.9 percent annually, following a revised gain of 4.3 percent one month earlier. Unresolved trade tensions as well as a weakening international economy continue to weigh on domestic growth, straining retail sales in the process. Over the past few months, spending habits have been sporadic as they moved with shifting levels of consumer confidence.