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: 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

WHAT THE SEPTEMBER FED MEETING MEANS FOR CRE

The federal reserve held rates flat for September – What comes next? Why the Federal Reserve’s decision could be a watershed moment for CRE How flat rates could influence the CRE lending climate

Research Brief: Inflation – September 2023

Core pricing pressures subside further. The headline consumer price index rose 3.7 percent year-over-year in August, the second month in a row that the metric ticked up. While this could suggest a re-acceleration of price hikes, the cyclical nature of the increase suggests that inflation is still broadly slowing. Over one-half of the rise was due to a…