1、Goldman Sachs chief equity strategist believed a soft landing is very unlikely, global recession facing all major economies in 2023
2、CRE giant Brookfield Asset Mgr already invested $30B in past 18 months in under valued RE companies in the , have another $110B more dry powder ready for new opportunities which could be distressed retails/office assets
3、July US occupancy rose to 69.6%, only down 5.4% from recorded 6/2019, leisure booking already back close to normal, but business travel only 20% of old peak, RevPAR was $110.7/night a record high per STR
4、As USD vs Euros exchange rate stands at purity, 20 year high, many Americans are going Acorss the Atlantic Ocean to seek good RE deals per WSJ
5、Zumper national 1/1 rent index up 11.8% in Aug to another record high of $1486/m, lead by NYC of $3930 for 1/1, only Nashville, Memphis of TN markets and FL submarkets posted slight negative MTM
6、Goldman Sachs expected home price growth to cool sharply to 3% in Q4, still up 14% YOY for 2022, but will be flat 0% for 2023, national large price decline is seen unlikely
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