RISMedia
  • News
  • Premier
  • Publications
  • Events
  • Education
  • Newsmakers
  • Power Broker
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Publications
  • Events
  • Education
  • Newsmakers
  • Power Broker
No Result
View All Result
RISMedia
No Result
View All Result

Commercial Market Solid—for Now

Home Latest News
By Suzanne De Vita
November 18, 2018
Reading Time: 2 mins read
Commercial Market Solid—for Now

There’s building chatter of an impending recession—but for the foreseeable future, housing, and the commercial market, specifically, is in steady territory, according to two economists.

“The economy is strong and we are seeing solid job gains, with no triggers to cause an economic recession,” said Lawrence Yun, chief economist of the National Association of REALTORS® (NAR), at the 2018 REALTORS® Conference & Expo, held November 2-5. “The mix of rising interest rates has led to some uncertainty, but the continued economic growth has the commercial market on solid ground.”

Borrowing costs have been historically low for some time, giving legs to the market in the post-recession recovery—and, for commercial investors, favorable margins. Increasing interest rates will limit those prospects, according to Yun.

The commercial market outlook for 2019, however, is stable. Commercial prices are set to slow, following a 93 percent run-up in the last eight years—but with the current economic engine firing, activity is expected to remain strong.

In October, the economy generated 250,000 jobs—a healthy showing—and growth in earnings hit a milestone rate. (There’s a connection between employment gains and interest in office and retail space.) According to NAR, 50 percent of all commercial deals are within the multifamily sector—also on firm footing.

Consumer confidence, meanwhile, is at its strongest in 18 years.

“The economic recovery has been historic in the last 10 years,” said Dr. Sean Snaith, director of the University of Central Florida’s Institute for Economic Competitiveness, during the event. “We are currently experiencing a boost in government spending, which directly grows gross domestic product. Policies like tax reform have led to profits, in turn feeding investment spending.”

However, there are issues on the regulatory side, Snaith said.

“Regulatory relief is the special sauce needed for the commercial real estate market to thrive even further.”

Continuing coverage of the REALTORS® Conference & Expo to come.

For more information, please visit www.nar.realtor.

DeVita_Suzanne_60x60Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

Tags: 2020 RecessionCommercial MarketCommercial Real EstateConsumer ConfidenceEmploymentNARreal estate newsReal Estate News and InformationReal Estate TrendsU.S. Economy
ShareTweetShare

Suzanne De Vita

Related Posts

Meeting the Demand of the Secondary House Market
Best Practices

Meeting the Demand of the Secondary House Market

June 29, 2022
Mark Your Calendar: REALTOR® Store Summer Sales—Get 20% Off
Best Practices

Mark Your Calendar: REALTOR® Store Summer Sales—Get 20% Off

June 29, 2022
Captaining the Ship: Be Prepared to Navigate Real Estate’s Choppy Seas
Best Practices

Captaining the Ship: Be Prepared to Navigate Real Estate’s Choppy Seas

June 29, 2022
Service That Keeps Your Business Growing
Best Practices

Service That Keeps Your Business Growing

June 29, 2022
3 Things Your Clients Should Know About Property Lines
Best Practices

3 Things Your Clients Should Know About Property Lines

June 29, 2022
Berkshire Hathaway HomeServices Expands Global Presence in Italy
Best Practices

Berkshire Hathaway HomeServices Expands Global Presence in Italy

June 29, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

Break a Leg: How Acting Techniques Can Enhance Your Pitch

Authenticity, emotion and empathy are all a big part of a successful client presentation, and actors have the answers. Read more.

Business Tip of the Day provided by
REGISTER NOW

Recent Posts

  • Meeting the Demand of the Secondary House Market
  • Mark Your Calendar: REALTOR® Store Summer Sales—Get 20% Off
  • Captaining the Ship: Be Prepared to Navigate Real Estate’s Choppy Seas

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies

© 2022 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2022 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.