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 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:

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/

Federal Reserve’s Federal Open Market Committee Minutes -

https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm

FHFA House Price Index -

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/

Thanks for listening to the CRE Exchange podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.

#CRE #CommercialRealEstate #Property