Economic Update | April 30, 2021

Covid Cases & Vaccinations The 7-day moving average of daily COVID-19 cases in the US ticked down to 67,175 on April 19th, a modest decrease that comes after two weeks of near-daily increases. While the trend has started to re-improve, the current mark remains 4%...

Q1 Was a ‘Turning Point’ For US CRE

Sale listings increased and the average asking price per square foot rose 5.6% from Q4 2020. CRE activity is bouncing back with the end of the COVID-19 pandemic (potentially) in sight. The first quarter of 2021 “represented a turning point both for the US and the...

Economic Update | April 13, 2021

IMF Global Growth Forecast According to a recent growth forecast, the International Monetary Fund projects that the world economy will grow by 6.0% in 2021, followed by 4.4% in 2022. Their most previous estimates projected global growth to be 5.5% and 4.2%,...

Economic Update | April 2, 2021

New Business Applications According to the Census Bureau, new business applications totaled a seasonally adjusted 423k in February, falling 13.4% month-over-month. Of the 423k applications, the Census Bureau estimates that 31k new business will eventually form over...