Category: Economy

Can a Rational Case be Made for Irrational Exuberance?

Jul 10, 2020 - Analysis, Economy - 0 Comments - Standard

In my commercial real estate brokerage business, I’ve noticed a trend of some buyers expecting lower prices on properties, sometimes even clearly taking offense at a seller not budging on price. There seems to be, with them a sense that they know better to such a degree that they are disgusted by the gall and […]

Video: CCIM Chief Economist K.C. Conway on What to Expect Moving Forward for the Economy, Commercial Real Estate

Jun 18, 2020 - Economy, Trends - 0 Comments - Standard

Video 1 of 2: Video 2 of 2: In this two part video series, CCIM Chief Economist K.C. Conway, CCIM, MAI, CRE, joins the host of America’s Commercial Real Estate Show to discuss what to expect move forward. Among the discussions expectations for jobs, property values, and economic recovery timing. He notes he is particularly […]

Chart: April 1 Miami-Dade Unemployment Level Displays COVID-19 Effect

May 27, 2020 - Economy - 0 Comments - Standard

The effects of coronavirus are clearly evident in the April unemployment rate spike in Miami-Dade as of April 1, 2020. At 11.95, the level of unemployment has yet to reach the 12.4% level reached in August 2009. Given the effects of coronavirus on commerce, however, the May 1 numbers, once released, will surely exceed that […]

Commercial Borrowing Cost: Rate Watch for April 30, 2019

May 01, 2020 - Economy, Financing - 0 Comments - Standard

At the end of April of 2019, intermediate yields remain at lows reached in recent weeks. This has, of course, been driven by reduced economic activity due to the COVID-19 pandemic. As can be seen in the accompanying chart, five year rates, which are most closely tracked for commercial property borrowing cost, found themselves under […]

Miami-Dade March Unemployment Numbers Displaying Initial COVID-19 Spike

Apr 15, 2020 - Economy - 0 Comments - Standard

As can be seen in the accompanying chart, after years of steady decline, the unemployment rate spiked notably in March of 2020. This surely is caused by the earlier stages of the COVID-19 Pandemics, and thus will likely be even higher in April. Higher unemployment is bad for the economy, and in turn for commercial […]

Video: PwC Partner Mitch Roschelle Discusses Coronavirus Impact on Economy, Commercial Property

Apr 10, 2020 - Economy - 0 Comments - Standard

The is significant and growing international concern with regard to the potential human and economic impact of coronavirus, also referred to as COVID-19. Mitch Roschelle, Partner withPricewaterhouseCoopers , joins America’s Commercial Real Estate Show to talk about how markets may react and in turn how commercial real estate might be impacted. Among the topics discussed […]

Covidenomics: The Morbid Reason the 1918 Spanish Influenza Caused Wages to Increase

Mar 11, 2020 - Economy - 0 Comments - Standard

A recent post by the St. Louis Fed, The Economic Effects of a Pandemic, discussed the economic effects of the Spanish Influenza of 1918-1920, referencing the chart, embedded herein, of average hourly earnings in various United States sectors. According to the Centers for Disease Control and Prevention, the Spanish Flu pandemic infected about a third […]

Chart: Miami-Dade County Unemployment Rate Creeps Up, but Remains Low at 3.5%

Oct 25, 2019 - Economy - 0 Comments - Standard

As can be seen in the accompanying chart, the unemployment rate remains low at 3.5%. It has, however, crept up from its recent even lower -the lowest since 2007 – levels of 3.0%. These minuscule levels of unemployment are a marked improvement from the 12.4% peak reached in 2009 following the subprime mortgage crisis. An […]

Video: PwC Partner Mitch Roschelle Discusses Tariffs and Commercial Real Estate

Oct 22, 2019 - Economy - 0 Comments - Standard

 Mitch Roschelle, Partner and NY Metro Business Development Leader with PwC, joins America’s Commercial Real Estate Show to talk about the potential impact tariffs could have on our economy and the commercial real estate industry. In this episode, he quickly adjusts the conversation to talk about the economy, and potential effects of tariffs and […]

Video: CCIM Economist KC Conway on Tariffs, Commercial Real Estate, and the Cycle

Sep 18, 2019 - Economy - 0 Comments - Standard

 K.C. Conway, Chief Economist with CCIM and Director of the Alabama Center for Real Estate, appears on America’s Commercial Real Estate Show with host Michael to discuss his opinions and thoughts regarding tariffs, the economic cycle, and how they may or may not impact the commercial real estate market. He discusses the devastating effect the […]

Chart: USA’s Leading Economic Indicators Decline, but Remain Better than Others

Sep 04, 2019 - Economy - 0 Comments - Standard

Best house in a bad neighborhood. (via @CreditSuisse) — Carl Quintanilla (@carlquintanilla) September 3, 2019 As can be seen in the chart in this “best house in a bad neighborhood” tweet by Carl Quintanilla, the leading economic indicators for the United States have declined significantly, of late registering below 100. However, as indicated by […]