Above is a chart from the Federal Reserve Bank of St. Louis of the net-exports-to-GDP ratio for the United States. Notably, it has been negative since the late 1970s, and for the last decade or two has been considerably less so that its most negative dip in 2005 or so. Economists have proposed various reasons […]
There has been considerable discussion of late, and for that matter in recent years, of the Fed’s dwindling reserve of firepower to help mitigate the next recession. It has been a while, but surely one will come at some point. They always have. Former Treasury Secretary Larry Summers sums the situation up nicely with a […]
1/3 St. Louis #Fed: Does the recent flattening of the #yieldcurve portend #recession? Not necessarily. The flattening of the real yield curve may simply reflect the fact real consumption growth is not expected to accelerate or decelerate from present growth rate of about 1% y/y pic.twitter.com/Hvf7Phlcwq — Don Curren (@dbcurren) August 20, 2019 This is […]
Longest US economic expansion also means many adults have experienced one or no #recession via @SoberLook @washingtonpost @jkempenerg pic.twitter.com/T8U5kV3Nku — Gregory Daco (@GregDaco) August 19, 2019
The complete report can be viewed here. Some highlight relevant to Miami and South Florida overall include: The usual suspects open the list of the most expensive areas to rent in South Florida. In July, Fort Lauderdale rents have reached $1,948, and those in Miramar, $1,886. Davie is rapidly catching up, with rents averaging $1,829, […]
Excluding the US 45% of corporate investment grade bonds globally trade at negative rates! @DeutscheBank via @SoberLook pic.twitter.com/Es9ePhDxVH — Adam Tooze (@adam_tooze) August 15, 2019 This most definitely goes under the heading of “different.” For commercial property investors considering cap rates, the heading might be “consider the alternative.”
As has been reported in Next Miami (Restaurant Complex Called Brickell Bay Boardwalk Proposed Behind Four Ambassadors) and Miami Condos Blog (Four Ambassadors’ Waterfront Restaurant Space To Be Redeveloped As ‘Brickell Bay Boardwalk’) on the waterfront behind the Four Ambassadors Condominium a waterfront restaurant complex is being built. In the embedded photo one can see that it is quickly taking […]
At the end of the 2nd quarter of 2019, both short and intermediate yields continued their decline from higher levels reached late in the prior year. Also of note is that the yield curve has inverted, with five year rates higher than short term, as can be seen here with 1 month treasuries yielding more […]
Moishe Mana: Transforming Miami’s Landscape and Vision In the bustling city of Miami, where culture, business, and innovation collide, one man’s vision stands out among the rest. Moishe Mana, Chairman of the Mana Group, is not just a developer but a visionary with a grand plan to redefine Miami’s future. In a recent conversation, he […]
The April Rent Report issued by RentCafe shows Miami rent levels as above the national average, except for the submarkets within it of Pompano Beach and Hialeah. Rents across the United States saw an upwards move of 3% versus last year to an average of $1,436 per month. As area multifamily investors are gleefully aware, […]
Commercial real estate broker associate James Hawkins received The Chairman’s Circle Award from his broker, The Keyes Company. The award was presented to him by the company’s CEO, Mike Pappas, and CFO, Timothy Pappas, as the company’s annual Award Ceremony held March 21st at Margaritaville in Hollywood, Florida. The Chairman’s Circle is a status awarded […]
Multifamily housing units under construction remain near multi-decade highs, driven by strong demand. The second chart below shows commercial real estate indices, with apartment prices outperforming other markets. pic.twitter.com/dDJPj9KuUD — Edward ‘Tj’ Gerety III (@EdwardGeretyIII) February 27, 2019
A big mystery is always exactly how much commercial real estate trades in a given year. The data is murky. Even if the county data is reviewed, many transactions show a total amount for a set of parcels for each of the parcels within, resulting in double counting of those sales, and many sales show […]
RentCafe just published its year end rent report. The top line for area multifamily investors again got a boost. In Miami, apartments now cost $1,684 per month, a 4.5% increase from the prior year. By comparison, average rent grew 3.1% nationally. Within the South Florida area, Doral registered as the city with the highest average […]
The difference in yield between that of Treasury Inflation Protection Securities, commonly referred to as TIPS, and the yield of ordinary U.S. Treasury securities with the same maturity dates is referred to as the TIPS spread. The chart above shows this spread for various maturites for the past 15 years. Ordinary U.S. Treasury securities don’t initially […]
Headed by Ricky Trinidad, Miami based Metronomic bills itself as a progressive, innovative, and sustainable real estate developer with core values centered on social and economic improvement, community development, and local collaboration that exemplifies industry standards for quality design, planning, and construction. They note that “passenger drones have proven to be a new and safe […]
