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Despite Soft Hiring, Consumer Resiliency Aiding Multifamily and Retail Properties
Discrepancies cloud employment data. October’s atypically low job creation total of 12,000 is largely the result of sector hiring...
Jason Tuvia
Nov 1, 20243 min read


Rental Demand Shifts into Higher Gear as Inflation Eases, Helping Offset Supply Pressures in Many Markets
Lower-cost submarkets on solid footing. Amid a period of household budget tightening, local apartment fundamentals point to strong...
Jason Tuvia
Oct 10, 20243 min read


April's Cooler Inflation Readings Mitigate Economy's Re-Acceleration Concerns
The key CPI measures resumed their descent in April. Annual growth in the headline and core consumer price indices—the latter omitting...
Jason Tuvia
May 24, 20242 min read


CRE Debt and Distress
Commercial Real Estate Market Overview Despite challenges posed by rising interest rates since March 2022, the commercial real estate...
Jason Tuvia
May 1, 20242 min read


Housing Market Enters Spring Thaw as Listings, Sales Gain Momentum
More Prospective Buyers and Sellers Coming to Terms The number of existing single-family homes available for purchase swelled to a...
Jason Tuvia
Mar 28, 20242 min read


Fed Maintains Caution; Real Estate Investment Gradually Gaining Momentum
Inflation Trends Cloud Fed's Path Still-elevated inflation is leading Wall Street participants to delay expectations for the Federal...
Jason Tuvia
Mar 21, 20243 min read


Resilient Job Growth With Uptick in Unemployment Could be the Perfect Mix
Rising Unemployment Releases Pressure on Inflation Employment growth accelerated in February with 275,000 jobs created, yet the...
Jason Tuvia
Mar 8, 20243 min read


Home Prices Hit All-Time High, Leading Apartment Renters to Favor Long Leases
Window of Stronger Buyer Demand Lifts Home Prices The median sale price of an existing single-family home surged to a record high of...
Jason Tuvia
Feb 28, 20242 min read


While Challenging for the Fed, Strong Demand for Services is a Positive Sign for CRE
Inflation metrics are showing a mixed picture, with the headline Consumer Price Index (CPI) rising 3.1 percent over the year ended...
Jason Tuvia
Feb 15, 20242 min read


2024 Multifamily Market Outlook
As we dive into 2024, the real estate market is evolving in response to a variety of economic factors. From the impact of remote work on...
Jason Tuvia
Jan 29, 20242 min read


Commercial Real Estate Sector Preserves Strength, Despite Inflationary Headwinds
As we embark on a new year, it's crucial to analyze the economic landscape, Federal Reserve predictions, and their potential impact on...
Jason Tuvia
Jan 12, 20242 min read


Fed Holds Rates Steady, While Taking Note of Emerging Economic Risks
The Federal Reserve's recent decisions and the overall economic landscape have significant implications for the real estate market. In...
Jason Tuvia
Sep 28, 20232 min read

Normalizing Rent Growth Points to Future Cooling in Core Inflation
Inflation Continues to Show Varied Trends The headline consumer price index (CPI) showed a slight uptick in July, rising by 3.2 percent...
Jason Tuvia
Aug 14, 20233 min read


Core Inflation Cooling but Still High, Supporting Likely Fed Rate Hike
As we navigate the ever-changing economic landscape, understanding key indicators like inflation and housing dynamics becomes crucial. In...
Jason Tuvia
Jul 14, 20232 min read


Higher-Wage Households Renting as Home Prices Get a Summer Sizzle
The real estate market continues to be a hot topic in mid-2023, with sellers maintaining the upper hand due to a shortage of housing...
Jason Tuvia
Jun 30, 20233 min read


Bank Closures Could Sway Federal Reserve Decision, Fast Government Response Alleviates Concerns
The collapse of Silicon Valley Bank and Signature Bank sent shock waves through capital markets, but agencies have been quick to counter...
Jason Tuvia
Mar 20, 20235 min read

Tuvia Multifamily Memo - March 2023
Los Angeles Multifamily Market Update March 2023 By: Jason Tuvia Where are Interest Rates Now for LA Multifamily? Many lenders have...
Jason Tuvia
Mar 9, 20234 min read


Fed Continues to Ease Back on Rate Increases to Assess Cumulative Impact
Softening economic data warrants less-assertive rate increase. The Federal Reserve has extended its tightening cycle into 2023 by raising...
Jason Tuvia
Feb 3, 20232 min read


Tuvia Multifamily Memo - December 2022
December 2022 By: Jason Tuvia How High are Cap Rates on LA Rent Control Multifamily? Within the past 90 days throughout all of Marcus &...
Jason Tuvia
Dec 7, 20224 min read

Ongoing Job Growth Reflects Economy’s Resilience, but Portends Fed Response
Hiring continues, but signs of slowdown emerging. The labor market welcomed 263,000 new jobs in September, above the long-term monthly...
Jason Tuvia
Oct 7, 20222 min read
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