Values in certain markets are beginning to detach from fundamentals. These markets are could be in a Bubble and should be approached cautiously.
The term “US Recession” should be replaced with “Northeast and West Coat Recession”. Those regions have job losses 2-3x higher than the rest of the country.
Want to understand the growth prospects of your real estate investment? Start by understanding the city’s Tradable sector.
Economies in the northeast have been hit significantly hard in the wake of the COVID crisis. Real estate markets will soon follow suit as federal fiscal stimulus abates.
The term “Tech Hub” gets thrown around loosely these days. Which markets have the true characteristics? Read more to find out.
The May 2020 jobs report highlighted the vast regional differences in economic activity in the COVID landscape. Cities in the Sun Belt continue to outperform those in the Midwest and Northeast. The longer these differences persist, the more likely it is that people and businesses migrate south.
Rust Belt cities in the Midwest and Northeast are experiencing depression-level job losses while the Sun Belt has been left relatively unscathed. These contrasts have been masked to date by generous fiscal stimulus programs. However, these varying economic prospects will result in population and business migration to the Sun Belt. Real estate growth and capital will follow suit.