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Here's What's Happening In The Market, Here’s What This Means For You
| Affordability Crisis Deepens as Renters Face Rising Housing Costs The number of US renters facing affordability issues hit 51.8% in 2023. |
Deutsche Bank Chief US Economist Says Fed Will Stop Rate Cuts in 2025 But Goldman Sachs expects deeper rate cuts and Citi thinks there will be a 50-BP rate cut this month. |
| BGO Chief Economist Predicts Brighter 2025 for CRE Most property types as well as capital markets will see improvement. |
Commercial Property Prices Edge Higher To Start Fourth Quarter Investors slowly return to more expensive purchases, CoStar data shows. |
| More Retail on the Market as Bankruptcies and Closings Pile Up In 2024 Thousands of store closures due to debt and changing shopping habits sour retail real estate’s general recovery. |
CRE Investment Falls To Decade Low, But That Could Soon Change With more certainty from the election results and falling interest rates, activity is expected to come back in a big way. |
| CMBS Delinquency Rate Soars Over 6% in November Driven by Office, Multifamily and Lodging Sectors. |
Key Fed Inflation Metric Rises As Trump's Tariffs Loom The Federal Reserve's key metric for tracking inflation went up in October, potentially tossing a wrench into the central bank's plans for rate cuts. |
| Stock Market's Record Run Sets Stage For December Gains, Pros Say The market’s record year may have more room to run, with sentiment buoyed by recent outperformance and historical trends. |
Simon® Reports 6.4% Portfolio Traffic Increase On Black Friday Weekend, With A 7.1% Gain Reported At Simon's Malls Nationwide A remarkably strong start to the holiday shopping season on Black Friday that continued throughout the weekend. |
| The Mother Of All Bubbles The US has never been so overhyped, relative to the rest of the world. |
Wells Fargo Issues Wall Street's Most Bullish Forecast Yet For The Stock Market In 2025 "2025 is likely to be a solid-to-strong year." |
| Wall Street Is Betting On A Strong US Economy In 2025: Morning Brief Over the past few years, a stronger-than-expected US economy has continuously surprised Wall Street and its projections. |
The Real CRE Pressures Banks Are Under Things are moving more slowly than many think for many different reasons. |
| 20%-Plus Of US Spends Entire Paychecks On Rent, Poll Says Further interest rate cuts from the Federal Reserve through 2025 should result in lower interest rates for construction and development loans, helping to lead to a stabilization for apartment construction and expansion for single-family home building. |
Trump’s Immigration Policies Could Disrupt the Construction Sector As the construction industry contends with potential mass deportations and steep tariffs under Trump’s policies, builders warn of a labor shortage and rising material costs that could disrupt the housing market and drive up prices. |
| Office CMBS Delinquencies Surpass 10% in November The U.S. CMBS delinquency rate rose 42 basis points overall to 6.4%, compared to 4.58% a year ago. |
Fed Warns Rate Cuts Aren’t Guaranteed And yet, many financial institutions seem to expect federal funds rate reductions to continue. |
| Why Fed Officials Keep Dodging December Rate Cut Question That shouldn’t be a surprise. With the number of changes coursing through the economy and incoming policy yet to be implemented, they don’t know what will happen. |
Why Banks Aren’t Crumbling Under CRE Distress Banks are being scrutinized over their exposure to CRE loans, but thanks to accounting flexibility, widespread distress remains unlikely. |
| Falling Rates and Rising Confidence Fuel Optimism for Multifamily in 2025 While challenges like distressed assets and refinancing pressures remain, a shift in investor demand, particularly in secondary markets, points to a cautious but optimistic recovery. |
Powell Says A Strong US Economy Is Letting The Fed Be ‘Cautious’ About Cutting Interest Rates After slowing throughout the summer, inflation readings have come in slightly hotter recently, but economists and Fed policymakers still believe a downward trend remains in place. |
Orange County
5
Closed Sales Last Week
65
Closed Sales - Average Days on Market
$2,573,000
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
0
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week
4
New Listings Last Week
5
Months of Inventory
227
Total Number of Active Listings
$835,197,891
Active Listings, Dollar Volume
11
Active Under Contract Last Week
3
Pending Listings Last Week
2
Expired Listings Last Week
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Southern California
7
Closed Sales Last Week
46
Closed Sales - Average Days on Market
$1,474,286
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
1
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week
4
New Listings Last Week
9
Months of Inventory
171
Total Number of Active Listings
$471,461,355
Active Listings, Dollar Volume
3
Active Under Contract Last Week
1
Pending Listings Last Week
0
Expired Listings Last Week
Looking For A Bargain?
