Market reacts to Fed; housing drags; retail earnings track to essentials

On this episode of the CRE Exchange, Cole Perry, Senior Market Analyst at Altus Group, and Omar Eltorai, Director of Research at Altus Group, offer a comprehensive analysis of recent economic indicators and their potential ramifications on the commercial real estate sector.

Key Discussions:

- [00:00:34] Key revelations from the Jackson Hole symposium with emphasis on the Fed’s take on inflation and the looming rate hikes.

- [00:03:21] An examination of the current state of the mortgage market, noting the dramatic rise in rates to levels not seen since 2001.

- [00:04:43] A detailed analysis of housing data, highlighting the contrasting trajectories of new and existing home sales amidst escalating mortgage rates.

- [00:09:22] The earnings and trajectories of industry giants like Zoom and NVIDIA and the increasing role of artificial intelligence.

- [00:11:02] Insights from the retail sector with focus on evolving consumer behaviors based on the earnings reports of Lowe’s and Dollar Tree.

Resources mentioned:

- Cole Perry - https://www.linkedin.com/in/coleperry1/

- Omar Eltorai - https://www.linkedin.com/in/omareltorai/

- Altus Group - https://www.linkedin.com/company/altus-group/

- Jackson Hole Symposium - https://www.federalreserve.gov/newsevents/speech/powell20230825a.htm

- CME FedWatch Tool - https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

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#CRE #CommercialRealEstate #Property