Category Archives: News

News about the U.S. real estate market and profession.

Something changed in Black unemployment : Unemployment data reveal several differences for race and gender

This post is a bit long, with a puzzling observation and, even after five FRED graphs, no definitive explanation. But sometimes the journey must be the destination…
The (first) graph above shows unemployment rates by race and gender since the start of the Great Recession. It’s clear men’s rates overall are higher than women’s, possibly due to factors such as women’s less-harmonious attachment to the labor market and different gender composition across industries and occupations. Also, Whites overall enjoy a lower unemployment rate than Blacks, which is at least partly due to the differences in the industries and occupations Blacks and Whites tend to work in.
The movements in the unemployment rates also differ, and this is the puzzle we focus on here. Look closely and you’ll see that unemployment rates didn’t start to decline until late 2011 and early 2012 for Black men and mid-2013 for Black women. The decline for

Federal Reserve Source

Green Street Sees Senior Housing Demand Picking Up in the 2020s

Lukas Hartwich, senior analyst at Green Street Advisors, joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.

Hartwich noted that the senior housing industry has been facing a demand headwind due to the fewer number of children born during the Great Depression era.

“We do expect demand to start to move up in the 2020’s as the baby boomer cohort hits that 80 plus age,” Hartwich said.

Original Source

Shopping Center REIT Brixmor Becoming a More Balanced Capital Recycler

James Taylor, Jr., president and CEO of Brixmor Property Group Inc. (NYSE: BRX), joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.

Taylor described some of the efforts Brixmor has taken to become a more balanced capital recycler. He noted that over the last 18 months the company has sold about $1.5 billion of assets that presented less growth opportunities or were in non-strategic markets.

Original Source