Information and education are an essential part of the client experience, and we
are here to provide resources and insights to help keep you advised.
A presidential election, summer Olympics, two regional wars, and a stock market reaching all-time highs all contributed to a year we will not soon forget. Here are some other notable statistics from 2024 as defined by their numbers. $ 36.2 Trillion – The national debt as of 12/4. That represents $ 107 Thousand per U.S. citizen or 123% of US GDP.1 $ 7.1 Trillion – Current annual U.S. Federal spending.2 $ 2.1 Trillion – Current U.S. Federal Deficit.3 $ 2.0 Trillion – The amount a proposed advisory committee of the incoming presidentialadministration believes the Federal Budget can be reduced.4 $ 1.0 Trillion – Current yearly interest on the national debt.5 $ 56 Billion – Elon Musk’s twice judicially-denied pay package at Tesla.6 50 Billion – The number of internet users worldwide as of October 2024 which amounted to 67.5 percent of the global population. Of this total, 5.2 billion, or 63.8...
07.05.2023
For more than three years, the United States economy has been working through a massive set of disruptions related to the COVID pandemic, the subsequent policy responses, and the second-order effects of those responses including a spike in inflation, interest rate volatility, evolving living and working patterns, and accelerating technological innovation. These disruptions have touched nearly all aspects of our daily lives with significant reverberations throughout the real estate industry. Real estate is inherently cyclical and highly dependent on capital markets and debt for liquidity. Commercial real estate in particular has seen tremendous impacts from these recent disruptive forces. Transaction volume initially dropped and subsequently skyrocketed during the pandemic as stimulus and historically low interest rates drove investors into any assets offering positive yields. As a result, valuations increased as investors drove pricing higher in auction processes. Rents, particularly in the apartment and industrial sectors, increased substantially due to strong...
