They say that these are not the best of times but they’re the only times I’ve ever known. . . its either sadness or euphoria
-Billie Joel
I don’t have a crystal ball , so I can’t tell you if we’re going to see hyper inflation , continued aggressive Fed interest rate increases, massive depression & stock market collapse, WWIII or a“ soft landing “, and continued economic growth and expansion.
What I can say is we have so many sources from which we can choose to gather information to create strategies and tactics for moving forward into 2023 and beyond. Here are some data and perspectives from the past month.
Macro Economic US Labor market jobless claims three month low ( Rueters)
Employment Update (Marcus and Millichap)
Imports (Investing.com)
Exports (investing.com)
Inflation | Interest Rates Inflation (inflation calculator.com)
Navigate Risks (Pimco)
Long Term (Kiplinger)
Biggest increases over ? ( Bankrate.com )
Residential Real Estate Residential Real Estate (National Association of Realtors)- Quick read / sales declines early in year / stable markets
Housing market (Redfin published Dec 6) -Sales slump prices and rents to move lower
Commercial Real Estate 2023 Overview (CoStar.com)- Rates| Recession? | Slowing Investment
2023 Commercial Real Estate Outlook (J.P. Morgan) -Straightforward Report, and breakdown by property type .
2023 Commercial Real Estate Outlook (CBRE) – Detailed property segment break down ; possible recession but not particularly deep
Global Investor Outlook (Colliers) – Expect some pricing resets.
2023 Outlook (AvisonYoung.us) – Optimism
Forecasters I find insightful Strategies that wont pay in 2023 (ITREconomics.com) – The general economy will still rise
Prosperous times…. For some ! (ITREconomics.com) – slowed growth
Eyes on the Fed (ITREconomics.com)-
How population growth matters (Bill Connerly – Forbes.com) – what impacts Clark County if we continue growth ?
Businomics Newsletter (connerlyconsulting .com)
Monthly update on economic trends- simple graphs
Here in Clark County it is my experience that we have every reason expect that growth will continue we continue to experience compounding effects from the forty year efforts of the CREDC to market our community to the region, the US and the world . This article in the Columbian gives a good accounting of how we started from scratch, and how the effort continues today .
