January 26, 2024 Economic Update

GDP (1) Real US GDP expanded at a 3.3% annualized rate during Q4 of 2023, according to the advanced estimate from the US Bureau of Economic Analysis. The estimate surpasses... View Article

Addressing High Apartment Vacancy Rates: Causes and Solutions

By Clifford Hockley, CPM, CCIM The fluctuating demand for apartment and home rentals is closely tied to economic cycles. In the recent cycle of overbuilding, driven by low interest rates... View Article

New Year, New Economic Outlook

The SVN Research team has the latest Economic Update for January 2024! December Jobs Report (1) US nonfarm payrolls increased by 216,000 in December, above November’s growth of 173,000 jobs... View Article

December Economic Update

Inflation and Falling Energy Prices (1) The latest PCE price index rose in line with consensus expectations in October, but the divergence between the core and headline numbers reflects the... View Article

Latest SVN Research Economic Update

September Jobs Report (1) The US economy added 336,000 new jobs in September, according to the Bureau of Labor Statistics, almost double the consensus forecasts. The unemployment rate remained unchanged... View Article

2023 Oregon Legislative Round-Up

By Cliff Hockley, CCIM, CPM Oregon’s annual legislative session ended June 25, 2023. There were 2,976 bills, memorials and resolutions introduced during the 2023 session and, of those, the Legislature... View Article

SVN Research Economic Update

SVN Research has published another economic update as we head into October and the final quarter of 2023! Interest Rate Decision/Economic Projections (1) At its September 20th meeting, FOMC officials... View Article

SVN Economic Update: September 2023

Here is yet another Economic Update from the SVN Research department! CPI Inflation (1) The Consumer Price Index rose 3.7% year-over-year and 0.6% month-over-month in August, its largest monthly increase... View Article

What is new in the US Economy?

SVN Research has published the latest Economic Update! AI and Commercial Real Estate (1) A recent article by MSCI Real Capital Analytics suggests that despite the growing concern about AI’s... View Article

Investing in Real Estate as a Group

By Cliff Hockley, CCIM, CPM Principal Broker and Senior Advisor, SVN Bluestone I have been working with investors for over 35 years. Often, it’s a small group of people who... View Article

SVN Economic Update: August 11, 2023

The latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3.2% from one year ago, roughly in line with last month’s increase and climbing... View Article

Is the Industrial Real Estate Market Slowing Down in 2023?

By Clifford Hockley, CPM, CCIM The Portland industrial market remains strong with low direct vacancies and high asking lease rates. However, it is experiencing a slight increase in sublease space,... View Article

SVN Economic Update: July 2023

Fed Interest Rate Decision (1) On July 26th, The Federal Reserve raised its benchmark interest rate by 25 bps, reversing a pause in rate-hikes that occurred in June. While the... View Article

U.S. Economy Continues to Grow Despite Fed’s Rising Interest Rates

Source: The Washington Post The U.S. economy expanded by an annual rate of 2.4 percent between April and June, powered by brisk consumer and government spending, marking an acceleration of... View Article

Banks Double Down on CRE Loan Reserves

Source: Globe St. The closure of Silicon Valley Bank, First Republic Bank, and Signature Bank earlier this year were the embodiment of concern that had been building. Many commercial banks... View Article

July 2023 Economic Update

Inflation (1) The consumer price index (CPI) rose by 0.2% month-over-month and 3.0% year-over-year through June, according to the latest numbers from the Bureau of Labor Statistics. June’s monthly pace... View Article