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Research

Our research methodology integrates historical and current economic, demographic and real estate factors which enables our Research Services department to develop comprehensive market forecast scenarios.

Market Research Report: New York City – Q4 2018

Persistent job growth and broad employment base support robust apartment demand. Fueled by the largest population base in the county, the NYC economy remains on solid footing. A host of industries, including a vibrant startup scene, have generated consistent job growth, boosting demand for apartments. As supply increases reached a cycle high in 20176, rent growth slowed as developers utilized incentives to fill new proprieties,s particularly along the East River in Brooklyn and Queens. The… Read More

Research Brief: Employment – October 2018

Unemployment continues to decline, including for those with a degree. The number of unemployed people in the U.S. fell by 270,000 last month to just under 6 million. The last time fewer people looked for work was in December 2000. Last month’s job growth pushed down the unemployment rate 20 basis points to 3.7 percent from the previous month. For those with a four-year college degree, the rate dropped 10 basis points to 2.0 percent, its… Read More

Research Brief: Housing – October 2018

Though mortgage interest rates remain historically low, the average 30-year fixed rate reached its highest level since 2011. Rising mortgage rates in conjunction with home values that have appreciated more than 64 percent over the same time period are discouraging many potential homeowners from making offers due to their inability to afford mortgage payments. Because of the rising costs, the pace of sales has declined each month since March. The increasing costs of homeownership, as… Read More

Research Brief: Stock Market – October 2018

Rising interest rates, midterm elections spark equity market volatility. The stock market suffered its second largest single-day decline of the year on Wednesday, Oct. 10, contributing to a 4 percent weekly drop. Simultaneously, the S&P Volatility Index (VIX), a measure of how quickly equity markets are moving, rose from 15 to 24 in the past weeks, indicating a strong market sell-off. Both were precipitated by long-term interest rates rising rapidly earlier this month, carrying the 10-year… Read More

Special Report: Investor Sentiment

Commercial real estate investors coma into 2018 riding a high following approval of the Tax Cuts & Jobs Act. Yet the latest NREI/Marcus & Millichap Investment Sentiment Survey shows that the bounce in positive sentiment that occurred in the wake of tax reform has now drifted back to levels in alignment with this time last year.

Special Report: Federal Reserve

Federal Reserve raised overnight interest rate, signals another hike in December. Following the conclusion of its September meeting, the Federal Reserve raised the federal funds rate by 28 basis points to 2 percent. Citing persistent levels of inflation, burgeoning acceleration in wages and exceptionally low unemployment, the Fed also outlined plans for an additional rate increase in December.