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.

Research Brief: Employment – November 2023

Unemployment inches up in October amid modest job creation. The tight labor market loosened slightly in October as 150,000 positions were created, the second-slowest month for hiring since the end of 2020. Additions were greatest in the health care and public sectors, with the onboarding of 58,000 and 51,000 personnel on net, respectively. Government job creation was largely in…

IMPLICATIONS OF THE NOVEMBER FED MEETING

What are the implications of the Fed holding rates flat in November? What factors are contributing to the increase in the 10-year treasury rate? How should investors balance short-term concerns with the long-term outlook?

HOW DOES THE HOUSING MARKET IMPACT CRE?

Rising mortgage rates dampen home sales and weigh on housing affordability Slowing home sales weigh on economy and numerous CRE property types How rising home prices bolster the multifamily outlook

Research Brief: Inflation – October 2023

Rising shelter prices keep core inflation high. The average 30-year fixed-rate mortgage climbed above 7.5 percent in October, marking a 23-year peak. Previous Federal Reserve actions have increased interest rates, which — in conjunction with higher home prices — have resulted in more expensive housing costs. The shelter index lifted 7.2 percent year-over-year in September, driven by…

YAHOO FINANCE – Will Commercial Real Estate Cause a Banking Crisis?

Yahoo Finance Features Marcus & Millichap CEO Hessam Nadji Will Commercial Real Estate Cause a Banking Crisis? Is Office Real Estate About to Crash? Why perceptions of CRE distress don’t line-up with reality Why commercial real estate doesn’t pose a systemic risk to the banking sector When the CRE market will recalibrate and start moving back to normal  

WHAT’S HOLDING SIDELINED CAPITAL BACK?

What are the main drivers motivating owners to sell today? What does the volume of capital likely to enter the market mean for investors? Will investor activity revive and increase competition for assets?

CRE PERFORMANCE OVER THE LAST 10 YEARS

How has CRE performed compared to other investment options? Which property type delivered the strongest value gains since 2013? The CRE investment opportunities ahead

Research Brief: Employment – October 2023

Staffing additions hit eight-month high, holding unemployment flat. Employers across the country created 336,000 new jobs in September, above the year-to-date monthly average of 260,000, and the strongest month for hiring since January. Employment growth occurred across a broad range of industries, led by the onboarding of 96,000…

Research Brief: Financial Markets – September 2023

Fed opts for a rate hike hiatus. On September 20, the Federal Open Market Committee announced there would be no change in the federal funds rate, while the institution would continue to reduce securities holdings. This will maintain the current lower bound of 5.25 percent first set in July, and mark the second meeting in 2023 during which the Fed chose to forgo a rate increase. Labor market dynamics played a major role in the… Read More