Category: Economy

Chart: Inflation Watch 2021 Intra-Quarter Update; Inflation Expectations Climbing

Oct 26, 2021 - Economy - 0 Comments - Standard

The 5-year TIPS spread, after almost calmly sitting a bit elevated over pre-pandemic levels, of a sudden spiked from its prior month close of 2.51% to 2.95% on October 25th. There has been much talk in the financial press of inflation pressures, but except for an initial move to the 2.5% range this has not […]

Video: Atlanta Fed’s Brian Bailey Presents View on Commercial Real Estate 2021

Oct 19, 2021 - Economy - 0 Comments - Standard

Brian Bailey, Real Estate Subject Matter Expert at the Federal Reserve Bank of Atlanta, shares his view on the commercial real estate market, including retail and office properties, supply chain issues, inflation expectations and the jobs outlook. He talks about the effects of vaccination rates on manufacturing and issues with people not being yet able […]

Chart – Inflation Watch 2021 Q3: Inflation Expectations Holding Though Elevated

Oct 01, 2021 - Economy - 0 Comments - Standard

The 5-year TIPS spread continues to steadily hover around the 2.5% range, closing at 2.51% on September 30th, nearly exactly the same as the prior quarter close of 2.46%. If one considers the pre-pandemic level to be 1.75%, then the TIPS spread, and thus inflation expectations, continue to be about 75 basis points higher than […]

Video: NAREIT’s Midyear Outlook; Robust Recovery, Growth

Aug 26, 2021 - Economy, Trends - 0 Comments - Standard

Economist Calvin Schnure from the National Association of REITs, more commonly referred to as NAREIT, appears on America’s Commercial Real Estate Show with its Michael Bull to share an update on REITs (real estate investment trusts) and how the economy, trends in work from home, and the recovery will impact the interest rate environment, various […]

Chart – Inflation Watch May 2021: Rise in Inflation Expectations Pauses at Elevated Levels; 5-Year TIPS Spread Indicating 2.57%

Jun 15, 2021 - Economy - 0 Comments - Standard

Above is the chart for the 5-Year breakeven inflation rate, commonly referred to as the TIPS spread, for the five years ending May 31, 2021.A calculation of the difference in the yields, i.e. the spread, between United States Treasury bonds and Treasury Inflation-Protected Securities (TIPS) of the same maturity, this spread is a useful and […]

Inflation Watch April 2021: 5-Year TIPS Spread Levels Out, Indicating 2.5% Inflation Expectations, as 10-Year Continues Climb

May 10, 2021 - Economy - 0 Comments - Standard

Above are charts for the 5-Year and 10-Year breakeven inflation rate, commonly referred to as the TIPS spread, for the five years ending April 30, 2021. This is a calculation of the difference in the yields, i.e. the spread, between United States Treasury bonds and Treasury Inflation-Protected Securities (TIPS) of the same maturity. It is […]

Chart: TIPS Spread Indicating Highest Inflation Expectations in 13 Years

Apr 06, 2021 - Economy, Financing - 0 Comments - Standard

The TIPS spread is the difference in the yields between United States Treasury bonds and Treasury Inflation-Protected Securities (TIPS). It is a useful and oft-quoted measure of expectations for (CPI) inflation in the financial markets. The spread indicates expected inflation. Real money is buying these bonds. TIPS pay interest every six months, based on a […]

Video: Stephen Ross Discusses COVID CRE Effects ~ CNBC Power Lunch

Oct 29, 2020 - Economy - 0 Comments - Standard

Stephen Ross, the chairman and majority owner of The Related Companies, a global real estate development firm he founded in 1972 that has been and continues to be very active in Miami, and owner of the Miami Dolphins, discusses reopening and the state of commercial real estate projects like Hudson Yards in New York in […]

Chart: August Miami-Dade Unemployment Level Reaches Lowest Level Since March

Oct 21, 2020 - Economy - 0 Comments - Standard

From its peak of 14.5% reached in only the prior month, the unemployment rate in Miami-Dade county plummeted in August (8/1) to 8.1%, the lowest level since March when unemployment had jsut started to creep up but was still in low single digits (3.7%). The continuing effects of COVID-19 on employment, and thus the economy, […]

Commercial Property Borrowing Cost Quarterly 2020 Q2

Jul 23, 2020 - Economy, Financing - 0 Comments - Standard

Yields on 5-year U.S. Treasury Notes remain at lows quickly reached as we entered the era of the COVID-19 pandemic. As can be seen in the chart embedded herein, these rates, most closely tracked for commercial real estate financing cost, plummeted from what were already considered low levels to under 50 basis points (0.5%), barely […]

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 […]