World banks hit pause; consumers still in a vibecession
In the latest episode of the CRE Exchange podcast, Altus Group’s Cole Perry, Senior Market Analyst, and Omar Eltorai, Director of Research, take on the latest economic developments and their impact on CRE.They dive into the recent policy rate annou...
CRE Exchange: Commercial Real Estate, Property Valuations, Real Estate Analytics and Property Tax · Altus Group
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Show Notes
In the latest episode of the CRE Exchange podcast, Altus Group’s Cole Perry, Senior Market Analyst, and Omar Eltorai, Director of Research, take on the latest economic developments and their impact on CRE.
They dive into the recent policy rate announcements by the global central banks, lending trends from the lens of SLOOS, house price trends, REIT earnings and more.
Key Takeaways:
(00:56) Analysis of recent policy rate announcements by global central banks and their implications on the market.
(04:43) A discussion of how inflation and interest rates impact consumer sentiment in the US.
(07:21) Trends in bank lending based on the SLOOS.
(13:30) Analysis of the FHFA house price index and Case-Shiller index in the context of housing market trends.
(16:40) Fluctuations in Treasury yields and mortgage rates, and the implications for the housing market.
(17:36) The negative yield curve is an indicator of potential economic downturns.
(19:43) Highlights from recent earnings calls of major REITs and their market performance.
(25:28) A preview of upcoming analyses on remote work trends and their impact on office markets.
Resources Mentioned:
https://www.linkedin.com/in/coleperry1/
https://www.linkedin.com/in/omareltorai/
https://www.linkedin.com/company/altus-group/
Federal Reserve’s Federal Open Market Committee Minutes -
https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index.aspx
S&P Case-Shiller Home Price Index -
https://fred.stlouisfed.org/series/CSUSHPISA
Senior Loan Officer Opinion Survey (SLOOS) -
https://www.federalreserve.gov/data/sloos/sloos-202307.htm
University of Michigan Consumer Sentiment Index -
http://www.sca.isr.umich.edu/
Measuring remote work impact on office uncertainty -
https://www.altusgroup.com/insights/measuring-remote-work-impact-on-office-uncertainty/
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