The harder I work, the luckier I get. Samuel Goldwyn
2016 Starts off Slower Than Usual as Economic Concerns Grow
Credit Suisse February 8th, 2016
Research Analysts Michael Dahl Homebuilding & Building Products 212-325-5882
michael.dahl@credit-suisse.com
Matthew Bouley 212-325-8572 matthew.bouley@credit-suisse.com.
January Survey of Real Estate Agents: 2016 Starts off Slower Than Usual as Economic Concerns Grow § Traffic flat: Our January Buyer Traffic Index reading of 40 was unchanged from December, with the flat sequential change well below the avg. January increase of 8 pts seen over the past 10 years (tone and traffic tend to improve ahead of spring selling season). Our Weighted Traffic Index was +2 pts m/m, showing slightly better trends in builders’ largest markets. It’s still early with the selling season just kicking off this week, but the subdued tone during the lead up is a bit concerning. Agent commentary incrementally centered on buyers’ economic caution and financial market volatility as hindering demand this month, on top of the persistent issues of tight inventory and affordability challenges resulting from high home prices. Stable rates even after the Dec. Fed hike also seemed to remove some urgency. TRID commentary largely diminished. Weather had varying effects across markets, but there are always puts and takes in January and on balance it didn’t seem to impact the overall index. Regionally, the Pacific Northwest slowed but still had the strongest performance, while parts of the Southeast (Atlanta and Carolinas), CA, and TX improved. FL and the Midwest were laggards. § Most markets below expectations: In January, 28 of the 40 markets we survey saw lower than expected traffic (26 in Dec.), 7 saw traffic in-line (8 in Dec.), and 5 saw better than expected traffic (6 in Dec.). California saw strength in Sacramento, San Diego, and San Francisco offsetting weakness in LA/Inland Empire. Atlanta bounced back nicely. Dallas and San Antonio were strong, though Houston remains challenged. Seattle and Portland remained healthy. FL underperformed with weakness most pronounced in Fort Myers, Jacksonville, Sarasota and Miami. Minneapolis was also among the weakest. § Price growth fairly steady: Our Price Index rose 2 pts to 59 in January, indicating higher pricing continues. Of the 40 markets we survey, 25 saw higher prices (27 in Dec.), 9 indicated flat prices (4 in Dec.), and 6 saw lower prices (9 in Dec.). The strongest price readings were seen in Charlotte, Fort Myers, Austin, and San Antonio, with the weakest trends in Virginia Beach, Houston, Philadelphia, Washington DC, Boston and Miami.
SEE IT ALL:
Credid Suisse Monthly Survey of Real Estate Agents – January 2016
FROM ME:
Phoenix Commercial Real Estate and Investment Real Estate: investors and Owner / Users need to really know the market today before making a move in Commercial Properties or Investment Properties in Phoenix / Tucson / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land in Phoenix / Tucson / Arizona. Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.
I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international. Click here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
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Interactive Map Of All 10+ Unit Apartment Listings in Metro Phoenix
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3rd QTR 2015 GREATER PHOENIX APARTMENT OWNER’S NEWSLETTER Kasten Long Commercial Grpup.
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Click here: No Slowdown in New Construction in Q3 – Apartments
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Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
2016 Official Arizona Visitors Guide
http://walter-unger.com/?p=13391
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Timeline of Phoenix, Arizona history
http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history
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http://en.wikipedia.org/wiki/Phoenix,_Arizona
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Facts of Arizona – year 1848 to 2013
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Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
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Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Click here for Map of Apartments for Sale (10+units)
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
2821 E. Camelback Rd. Suite 600
Phoenix , AZ 85016
Direct: 520-975-5207
Fax: 602-865-7461
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