Author Archives: marcusmillichap

Hessam Nadji is…

Rental Demand Elevated in 2Q; Home Refinancing Intensifies as Rates Fall

  I I HOUSING JULY 2019 I Research Brief Rental Demand Elevated in 2Q; Home Refinancing Intensifies as Rates Fall I Mortgage rates falling but home sales still soft. Though mortgage rates have declined 80 basis points since they peaked last November, single-family home sales remain sluggish. An increased preference for rentals, the limited number […]

Growing Distribution Webs Boost Retailers’ Competitive Advantages

  I I RETAIL SALES JUNE 2019 I Research Brief Growing Distribution Webs Boost Retailers’ Competitive Advantages I Consumption underpinned by elevated consumer optimism. Retail sales remained steady in May, increasing 3.2 percent over the past year. Though this is slightly lower than the previous two months, spending appears to have further stabilized following heightened […]

Tight Labor Market Constrains Job Creation

  I I EMPLOYMENT JUNE 2019 I Research Brief Tight Labor Market Constrains Job Creation I Hiring softens, unemployment rate unchanged in May. Employers added 75,000 jobs last month, maintaining a historically low unemployment rate of 3.6 percent. Downward revisions to March and April’s figures offset May’s gains, taking the average number of new hires […]

Low Mortgage Rates and Tight Labor Market Bolster Housing Demand

  I I HOUSING JUNE 2019 I Research Brief Low Mortgage Rates and Tight Labor Market Bolster Housing Demand I Housing outlook rises as mortgage rates fall. Existing home sales fell for the second consecutive month in April, as the higher mortgage rates weighed on demand and the limited supply of available homes left entry-level […]