Jason Tuvia
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 &...
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Jason Tuvia
- Nov 28, 2022
- 3 min
Measure ULA - New Tax on Real Estate Transactions Negatively Impacts Sales Activity and Development
The implementation of Proposition ULA will have wide-reaching consequences for commercial and multifamily properties in the city of Los...
Jason Tuvia
- Nov 28, 2022
- 1 min
Rent-controlled apartments sell in Silver Lake and South L.A.
From the L.A. Business First: https://www.bizjournals.com/losangeles/news/2022/11/28/2-rent-controlled-apartment-properties-tuvia.html...
Jason Tuvia
- Nov 23, 2022
- 1 min
10-unit rent-controlled apartment building sells in Echo Park
From the L.A. Business First: https://www.bizjournals.com/losangeles/news/2022/11/23/10-unit-apartment-property-sells-in-echo-park.html A...
Jason Tuvia
- Nov 11, 2022
- 2 min
Decelerating Inflation Unlikely to Satisfy Fed, Whose Actions Complicate Trading
Inflation falls to slowest pace since the start of the year. Headline CPI increased 7.7 percent over the 12 months ended in October, the...
Jason Tuvia
- Nov 4, 2022
- 2 min
Employment Growth Held Strong in October, but Signs of Softening Sighted
Job creation robust in October. Hiring continued at a strong clip last month with the creation of 261,000 jobs, although the pace is...
Jason Tuvia
- Nov 3, 2022
- 2 min
Fed Hikes Again, Complicating Trades of Otherwise Well-Performing Assets
Federal Reserve lifts rates again, adjusts guidance. The Federal Open Market Committee implemented its sixth rate hike of the year on...
Jason Tuvia
- Oct 31, 2022
- 2 min
Home Sales Continue to Slide, Slowdown Stretches Across Housing Continuum
Firm price tags keep buyers on the sidelines. Purchases of single-family homes declined for an eighth straight month, marking the lowest...
Jason Tuvia
- Oct 27, 2022
- 2 min
Real GDP Climbs Above 2021 Level, but Signs of Future Slowdown are Prevalent
Growth in GDP returns for the third quarter. Real gross domestic product increased by a 2.6 percent annualized rate in the third quarter,...
Jason Tuvia
- Oct 19, 2022
- 2 min
Housing Supply Action Plan Becomes More Concrete; Market Normalization Underway
White House aims for greater housing affordability. Incentivizing the construction of lower-income housing in various forms is the...
Jason Tuvia
- Oct 17, 2022
- 2 min
Climbing Core CPI Inflation Poses Implications for Regulators and Investors
Distinct trends forming among CPI measures. Descending from a June peak of 9.0 percent, the headline Consumer Price Index rose by a...
Jason Tuvia
- Oct 7, 2022
- 2 min
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 6, 2022
- 2 min
Development Slowdown a Step Backward in Resolving Housing Shortages
Home purchases and prices stay on the descent. In the wake of the Federal Reserve’s fifth interest rate hike so far this year, borrowing...
Jason Tuvia
- Sep 21, 2022
- 2 min
Structural Inflation Drivers Prompt Rate Hike; Real Estate Capital Markets Responding
Federal Reserve enacts fifth rate hike of the year. Following accelerated core CPI inflation and ongoing above-average hiring last month,...
Jason Tuvia
- Sep 16, 2022
- 1 min
Rising Core Inflation Keeps Fed Alert; Food, Fuel Costs Hold CRE Implications
Headline and core inflation trend in opposite directions. In August, the headline Consumer Price Index recorded a year-over-year increase...
Jason Tuvia
- Sep 8, 2022
- 2 min
Housing Dynamics Signal Long-Term Tailwinds as Sector Exits Record Demand Stretch
After vacancies plunged to historic lows for many parts of the country in 2021, rates have trended up in the first half of 2022 as...
Jason Tuvia
- Sep 7, 2022
- 1 min
Home Listings Notch 20-Month High, yet Remain Just Half of the Long-Term Average
Rates resume climb, further cooling the market. After briefly dipping below 5 percent in early August, the average 30-year fixed-rate...
Jason Tuvia
- Sep 2, 2022
- 1 min
Job Growth Downshifts to Goldilocks Zone, Providing Runway for Fed to Pull Off Soft Landing
Last month’s employment report ideal for Fed objectives. Employers added 315,000 personnel to payrolls in August, below the 526,000 jobs...
Jason Tuvia
- Aug 30, 2022
- 3 min
Rental Demand Cools Off After a Record-Breaking Stretch, but Housing Market Dynamics Indicate Longer
After national vacancy plunged to a historic-low in 2021, the rate trended up in the first half of 2022 as inflationary impacts and broad...
Jason Tuvia
- Aug 22, 2022
- 4 min
Mortgage Rate Surge Thwarts Affordability; Apartments Offer Relief from Housing Shortage
The red-hot single-family sector rapidly cooled as the Federal Reserve stepped up its fight against inflation. Surging mortgage rates...
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