Economic Update – January 3, 2022

Economic Update – January 3, 2022

Home Prices National home price growth has receded from its peak but continues to be strong, registering a 19.1%year-over-year increase in October, the latest month of data available from the S&P CoreLogic Case-Shiller Home Price Index. Annual increases have...
Economic Update – January 3, 2022

Economic Update – December 17, 2021

Inflation The Consumer Price Index increased by 6.8% year-over-year through November 2021, the largest annual increase since June 1982. Prices climbed on a seasonally adjusted 0.8% month-over-month, 10 basis points lower than October’s increase. Following a recent...
Economic Update – January 3, 2022

Economic Update – December 3, 2021

Omicron Market Volatility Markets were roiled late last week in reaction to the World Health Organization’s announcement of a newly discovered COVID-19 strain in South Africa. Dubbed the “Omicron variant,” public health officials signaled their concerns about its...
Economic Update – January 3, 2022

Economic Update – November 12, 2021

EMERGING TRENDS IN REAL ESTATE In PwC’s report on Emerging Trends in Real Estate for 2022, respondents highlighted a range of influential factors likely to impact real estate outcomes over the next year, including climate change, remote work, investor capital,...
Economic Update – October 15, 2021

Economic Update – October 15, 2021

1. Office Demand Demand for office space rose in August, following a sluggish July where the delta variant reduced the speed of growth across key economic indicators, according to the latest report from VTS. The VTS office demand index (VODI) rose by 3.65%...