Commercial Real Estate & Business News – September 2, 2016

The CoStar Commercial Repeat-Sale Indices (CCRSI) began the second half of 2016 on a strong note as a combination of healthy market fundamentals, low interest rates and steady availability of capital continued to fuel CRE price growth during July...»
Ahead of the Bureau of Labor Statistics official employment numbers for August, which will be released on Friday, Automated Data Processing releases its own tabulation of employment nationwide for the month, derived from ADP's payroll data and which covers private employments. More often than not, ADP and the BLS don't agree on the details, but ADP often points in the direction of the BLS report...»
Yardi Matrix's newest Matrix Monthly survey of 120 multifamily rental markets shows that the average U.S. apartment rent has hit an all-time high for the eighth consecutive month. The new average monthly rent in August was $1,220, or $3 greater than July's average...»
On a nationwide basis, home prices as measured by the S&P CoreLogic Case-Shiller Indices have risen at a consistent 4.8% annual pace over the past two years, says S&P Dow Jones Indices' David M. Blitzer...»

The Phoenix metro area is the second-best in the nation for homeowners, according to a Bankrate.com report released Wednesday. Portland, Phoenix, Atlanta, Las Vegas and Minneapolis/St. Paul round out the best metropolitan areas for homeowners, according to the report. Bankrate.com is a leading aggregator of financial rate information and this marks their first time releasing such a report...»

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