Aug 13, 2024

Industry News: Treasury Yields Drop, Starter Home Price Changes, and Office Leasing Increases

Ryan Glick and Charles Covey explore a potential Fed rate cut, the rise in office leasing, and the challenges of housing affordability.

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Episode Overview

In this Industry News episode, Ryan and Charles discuss the significant shifts in the U.S. Treasury yields and what the market is predicting for future Fed rate cuts. Charles provides his insights into how these potential cuts could influence borrowing costs and project feasibility in the land development sector, as well as the broader economic implications.

Next, they tackle the rise in starter home prices across the U.S., with some cities now seeing these homes valued at over $1 million. Ryan and Charles break down the realities behind these figures, discussing the geographic concentration of these high prices and what it means for first-time home buyers and developers alike. They also explore the broader migration patterns and the shift toward more affordable regions.

The episode then shifts to an in-depth look at the 32% increase in office leasing activity in Q2. The hosts analyze what this resurgence means for the future of office spaces, particularly in the context of the post-pandemic work environment. They discuss the potential long-term changes in office space utilization and how businesses are adapting to new workplace expectations.

Guest Details
Charles Covey
Founder & President @ LandVest Development
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