COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

The latest employment report signals to policymakers that heightened uncertainty has not yet dampened US firms’ hiring activity, leaving them likely, all else equal, to leave rates unchanged.

Following the GDP release, there was a 74.4% chance of at least four rate cuts by the end of 2025, compared to a 68.1% probability one day prior.

On-time rental payments in units operated by independent landlords continued their recent trend line of improvement in April.

The average futures market outlook for the year-end 2025 federal funds remained at a total of three rate cuts by December, but the better-than-expected inflation data caused the probability to increase.

This is the second consecutive year that WFH rentals have dipped, following the peak of 5.0 million households in 2021.

Interest rate futures had a mostly muted reaction to the jobs data, with the previous week of market-moving news proving more impactful.

Utah (11.6%), Alaska (10.2%), and Iowa (10.1%) maintain the highest proportion of U35 homeowners as a share of all households in the nation.

On-time rental payments in units operated by independent landlords improved markedly in March.