The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
3. www.SVN.com
Economic
Updates
Provided by
○ Amid signs that inflation is cooling, there is growing
optimism that the US economy may avoid a severe
recession, according to recent survey data from the
National Association of Business Economists (NABE)
○ Nearly three-quarters of forecasters surveyed by the
NABE believe there is a 50% or less chance of a
recession in the next 12 months. Economists' median
estimate within the next 12 months fell to 58% from a
staggering 70% in December 2022.
○ After increasing interest rates for an 11th time since
March 2022 in July and stronger than expected GDP
numbers that arrived the following day, these
projections may shift further in the coming weeks.
However, it may be too soon to suggest that strong
GDP numbers are a positive, as it may encourage
Fed officials to remain aggressive in their rate-hikes,
increasing the probability of a recession.
Reduced US Recession Probabilities
44. Please visit www.svn.com for more
information on the properties featured
on today’s call and to view all of SVN’s
active listings.
DISCLAIMER
This information has been obtained from sources believed reliable. We have not
verified it and make no guarantee, warranty or representation about it. Any
projections, opinions, assumptions or estimates used are for example only
and do not represent the current or future performance of the property. You and your
advisors should conduct a careful, independent investigation of the property to
determine to your satisfaction the suitability of the property for your needs.
All SVN® offices are independently owned and operated.