Author Archives: marcusmillichap

Hessam Nadji is…

Extremely Tight Unemployment Among College-Educated Strengthens Demand For High-End Apartments

    Follow us: |  |  |  Research Brief October 2018 EMPLOYMENT Developing Trends ■ Year-to-date job growth outperforms last year’s comparison. In September, 134,000 jobs were filled, bringing the total expansion of the employee base for the year up to 1.9 million people. That is 180,000 more jobs than were added in the same time period in […]

Stock Market Volatility Up Amid Rising Interest Rates; Stability of Commercial Real Estate Holds Appeal

  Follow us: |  |  |  Research Brief October 2018 STOCK MARKET Developing Trends ■ Fed remains committed to tightening. Recent comments from the Fed remain hawkish, with a rate hike planned for December and as many as three next year. Core PCE (personal consumption expenditure), the Fed’s preferred inflationary metric, remained at 2 percent in August, matching […]

Affordability Slows Home Sales, Turning Rising Residential Demand Toward Apartments

    Follow us: |  |  |  Research Brief October 2018 HOUSING Developing Trends ■ Despite lowering apartment vacancy, tightened construction lending has led to a tapering in multifamily permitting issuance, while single-family permitting also remains low. A slowdown in housing construction will be met with heightened residential demand and could lead to a shortage of stock if […]

More Jobs Power Increased Spending; Off-Price Retailers Continue Aggressive Expansion

    Follow us: |  |  |  Research Brief October 2018 RETAIL Developing Trends ■ Unemployment drops to historical low as job creation persists. Last month, the national unemployment rate fell to 3.7 percent, its lowest mark since 1969; the creation of 134,000 jobs in September helped drive this measure down. With the holiday season approaching, retailers are […]