RESEARCH & NEWS — The Bove Group

LIVING COST SENSITIVITY AND SLOWER HOUSEHOLD CREATION MODIFY DEMAND FLOWS

Sequence of rate hikes decay housing affordability.

ResearchCasey SandersAugust 11, 2022Research

INVESTOR BUYS BARRIO LOGAN PARCEL FOR $5 MILLION

INVESTOR BUYS BARRIO LOGAN PARCEL FOR $5 MILLION PLANS TO BUILD 70 APARTMENTS ON SITE

NewsCasey SandersAugust 5, 2022Connect California

REAL GDP CLIMBS ABOVE 2021 LEVEL

Growth in GDP returns for the third quarter. Real gross domestic product increased by a 2.6 percent annualized rate in the third quarter, reversing the declines posted in the first half of the year. This turnaround was predominantly driven by improved net external trade, as exports rose 14.4 percent and imports fell 6.9 percent, a dynamic that is ...

ResearchCasey SandersJuly 28, 2022Research

INFLATION ACCELERATED IN JUNE, BUT FORWARD INDICATORS SUGGEST RELIEF

High inflation persists, but pressure may ease. The Consumer Price Index advanced 9.1 percent year-over-year in June, its fastest pace since November 1981. Accelerated inflation was predominantly driven by higher energy and food prices.

ResearchCasey SandersJuly 21, 2022Research

YIELD CURVE INVERSION REIGNITES RECESSION FEARS, BUT MANY INDICATORS REFUTE

Possible recession predictor lit up this month. In early July, the spread between the two-year and 10-year treasuries inverted, with the yield on the shorter-term instrument inching above that of the long-term note

ResearchCasey SandersJuly 21, 2022Research

HIRING CONTINUES IN HIGH GEAR

Hiring Continues in High Gear with Implications for Real Estate, Fed Policy

ResearchCasey SandersJuly 11, 2022Research

HOTEL OCCIDENTAL PROCURES NEW OWNER IN $6.5M DEAL

HOTEL OCCIDENTAL PROCURES NEW OWNER IN $6.5M DEAL

NewsCasey SandersJuly 1, 2022Connect California

EARLY SIGNS OF HOUSING PRICE RECALIBRATION

Early Signs of Housing Price Recalibration as Higher Interest Rates Stunt Affordability

ResearchCasey SandersJune 30, 2022Research

FED INCREASINGLY AGGRESSIVE IN EFFORT TO CURB INFLATION

Fed Increasingly Aggressive in Effort to Curb Inflation;
Rising Interest Rates Form Headwind for CRE Borrowers

ResearchCasey SandersJune 17, 2022Research

RISING INTEREST RATES EMPHASIZE POTENTIAL VALUE OF INTEREST RATE SWAPS

Capital Markets: To Swap or Not to Swap — That is the Question

ResearchCasey SandersJune 16, 2022Research

EMPLOYMENT GAINS ECHO ECONOMIC STAMINA

Employment Gains Echo Economic Stamina As Higher Interest Rates Add Hurdles

ResearchCasey SandersJune 3, 2022Research

HOME PURCHASES CONTINUE TO SLIDE, BUT PRICES KEEP RISING

Home Purchases Continue to Slide, But Prices Keep Rising

ResearchCasey SandersMay 31, 2022Research

NO END IN SIGHT FOR STRONG DEMAND FOR CLASS-A MULTIFAMILY UNITS

Barring major economic headwinds, apartment rents are on track for big rises for the balance of 2022 as developers struggle to keep pace.

ResearchCasey SandersMay 20, 2022Research

LABOR SLACK TIGHTENS TO PRE-PANDEMIC NORMS

Hiring continues amid low unemployment. Employers added 428,000 new jobs in April, on par with the previous month. While the employment base remains about 1.2 million positions short of the February 2020 headcount, multiple signs point to a recovered labor market. Last month 5.9 million people were unemployed, only 200,000 above the pre-pandemic mark.

ResearchCasey SandersMay 9, 2022Research

FED HIKES RATE AS EXPECTED; REAL ESTATE SUSTAINS STRONG FUNDAMENTALS

Fed Hikes Rate As Expected; Real Estate Sustains Strong Fundamentals

ResearchCasey SandersMay 6, 2022Research

HOME BUYING EASES AS MORTGAGE RATES NEARLY DOUBLE

Home Buying Eases As Mortgage Rates Nearly Double The Pandemic Low

ResearchCasey SandersMay 4, 2022Research