US Quarterly Update - July 2013

by Michael Blackmon on 11/5/2013 in Quarterly Update

We expect the economy to continue growing moderately the rest of the year and strengthen headed into 2014, led by the ongoing recovery in the housing market and stronger credit markets, which support an improvement in consumer and business spending.

Commercial real estate is in good position to benefit from the economic recovery. Occupier demand is increasing, but at a modest enough rate to keep a lid on construction in most segments. Robust investor demand is bolstering property values, even in the face of higher 10-year Treasuries. . .

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