Author Archives: marcusmillichap

Hessam Nadji is…

Employment Momentum, Accelerating Wages Support Real Estate Performance Outlook

Follow us:  Research Brief January 2017 EMPLOYMENT Important Factors ■ December employment growth of 156,000 jobs moderated from the pace seen through much of 2016. Yet, given that the economy is approaching full employment, job creation above 100,000 positions per month is more than enough to match labor force growth. ■ Education and health services […]

Brighter Consumer Outlook Spurs Spending Boost

  RESEARCH BRIEF     Follow us:  Research Brief December 2016 RETAIL SALES Developing Trends ■ Retail property operations are set to strengthen further in 2017 as net absorption outpaces development. Vacancy will fall 40 basis points to 5.2 percent at the end of 2017, the lowest level since 2000. ■ Growing home sales and […]

Fed Rate Increase Creates Mixed Signals for Investors

Research Brief December 2016 RATE INCREASE IMPORTANT FACTORS The current 4.6 percent unemployment rate is effectively full employment. The tight labor market will support wage growth, raising inflationary pressure and prompting the Fed to remain highly vigilant in the coming year. Past Federal Reserve monetary policy tightening decisions triggered a decline in the stock market […]

U.S. Labor Market Resoundingly Consistent; November Hiring Maintains Trend of Broad, Steady Growth

December 2, 2016 The pace of hiring in November serves up the latest evidence that U.S. payrolls continue to expand at a steady pace and measures of labor market slack are also tightening. With the U.S. economy on track to add 2.2 million jobs during 2016, the path for the Federal Reserve to raise its […]