COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

Despite the job market's relative underperformance, futures markets indicate a low likelihood of a January rate cut.

The protracted government shutdown squeezes housing programs, 'data fog' creates a conundrum for the Fed, and a US-China trade truce offers cautious optimism to developers.

The Administration considers a national housing emergency as residential markets send mixed signals.

Tariffs face legal uncertainty, lumber and furniture tariffs may introduce fresh headwinds for housing, and the Fed prepares to cut rates.