Economic Shifts and Real Estate Trends

This chapter focuses on the impact of potential government layoffs on the U.S. labor market and the Federal Reserve's monetary policy, highlighting resilient consumer trends amid economic changes. It examines the challenges facing the commercial real estate sector, particularly Class C office spaces, and explores emerging strategies for conversions to residential properties. Additionally, the chapter discusses optimistic trends in average hourly earnings and significant transactions in the commercial mortgage landscape amidst rising interest rates.