As mortgage demand falls, residential real estate companies are reducing their workforce. Redfin is laying off 470 employees and Compass is shedding 450 jobs (10 percent of its workforce), according to MarketWatch. The Federal Open Market Committee (FOMC) voted this … Continue reading →
Retail, office and industrial sector national asking cap rates fell in the first quarter of 2022 from the previous quarter, according to The Boulder Group. Retail cap rates fell by 13 basis points to 5.75 percent, office cap rates fell … Continue reading →
Retail sales in May fell 0.3 percent from the prior month, according to the Commerce Department. Excluding motor vehicles and parts, the number increased by 0.5 percent. Excluding gasoline stations, sales dropped by 0.7 percent, and excluding motor vehicles, parts … Continue reading →
The U.S. Bureau of Labor Statistics reported today that the producer price index (PPI) climbed 10.8 percent (unadjusted) for the twelve months that ended in May. On a monthly basis, the PPI for final demand increased by 0.8 percent in … Continue reading →
The “all items” Consumer Price Index (“CPI”) increased at an annual pace of 8.6 percent for the twelve months ending May, according to the U.S. Department of Labor’s June 10 BLS report. This mark’s the largest 12-month increase since the … Continue reading →
According to UNCTAD World Investment Report 2022 (published on June 9, 2022), all major FDI (foreign direct investment) recipients in South America, including Brazil, Chile and Colombia, saw their FDI flows increase in 2021, driven by the resumption of flows … Continue reading →
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) and with 20 percent down increased from 5.33 percent to 5.40 percent during the first week of June, according to CNBC (citing data from … Continue reading →
Office vacancy rates in London have risen from 5.3 percent in March 2020 to nine percent in June 2021, with the vacant spaces mostly in older properties, according to Financial Times (citing Savills). The number of people coming to work … Continue reading →
A blank check company is an early or development stage entity that has no specific business plan or purpose but is founded by investors to bring their specialties, backing and experience to bear on businesses that have good concepts but … Continue reading →
China became the largest recipient of foreign direct investment (FDI) in 2020, attracting an estimated $163 billion in inflows, according to a report by the United Nations Conference on Trade and Development (UNCTAD). The United States followed with $134 billion … Continue reading →