Nation’s Largest Banks See Signs Property Financing Could Increase
Even Hardest Hit Property Sectors See Improving Values Four more of the nation’s largest banks have joined JPMorgan Chase & Co. in reporting improved outlooks for commercial real estate lending. The holding companies for U.S. Bancorp, Citigroup, Bank of America and...
Quarterly Los Angeles Apartment Sales Strongest Since 2019
Investors Demonstrate Strong Demand To Acquire Multifamily Assets in Third Quarter Sales volume in Los Angeles County during the third quarter was strong, totaling $2.9 billion, the highest level in a single quarter since late 2019. Average pricing per unit, which had...
Fed Leaves Interest Rates Unchanged
Expected Tapering of Bond Purchases Could Be Decided in October, Powell Says The Federal Reserve’s Open Market Committee voted Wednesday to maintain its current accommodative stance on monetary policy, keeping short-term interest rates low. In a statement, the U.S....
China Evergrande’s $300 Billion Debt Struggle Puts World on Watch
The world has started watching for fallout from the potential financial collapse of China Evergrande Group, one of that nation’s largest conglomerates, whose holdings include more than 1,300 residential and other property projects in 280 cities there. Evergrande,...
California’s Historic Law Curbing Single-Family Zoning Signals More Housing Efforts To Come
California Gov. Gavin Newsom's signing of historic reform bills aimed at easing the state's worsening housing shortage by overturning decades of policy favoring single-family zoning is seen as a start by leaders and activists to further efforts to curb suburban...
Real GDP Finally Recovers to Pre-Pandemic Levels
In hindsight, hints that real gross domestic product would grow below projections were brewing based on recent inflation reports. After all, the “real” in real GDP implies that nominal output is deflated by the rate of inflation. Last week, the Bureau of Economic...