1. Zillow 2 reports in Sept:
Aug median price fell 0.3% from July, biggest monthly decline since 2011, inventory up slightly
Sept forecasts 1.2% home value growth YOY through 8/2023, down from Aug forecasts of 2.4% up YOY.
2. Yardi Matrix senior housing and office report, plus BlackKnight mid 2022 mortgage report.
3. TikTok is subleasing 658k office in North SJ, and Apple is buying couple of offices in Sunnyvale, confidence booster to lackluster BA office market.
4. Housing Wire lead analyst believes rent growth can’t sustain itself at current pace, Phoenix LV and FL markets are most at risk and saw the fastest rent moderation.
5. National apt Asking rent only grew 0.4% in Aug per RealPage, 10.5% YOY, red hot 🥵 rental market is going into a fall chill
6. SL Green CEO is strong believer of RTO and luxury apt demands on NYC.
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