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Eight out of the 10 most overvalued markets are edging back down toward their long-term pricing trends.
Five of Yardi Matrix's top 30 markets are down in rent growth by 3% or more.
It has recovered jobs lost since the pandemic and 22.4% of the population is between 20 and 34 years old.
Shipping and freight insurance costs are rising significantly and US manufacturers are pivoting to be more local.
Cap rates averaged 6.9% at the end of Q4.
Specialty discount chains are like "retail therapy" for price-conscious shoppers.
It is adding more stores in Southern California and Phoenix and entering new cities such as Las Vegas.
Consumers' use and acceptance of self-serve functions is rising.
Next step: a new business plan and a reduction in CRE exposure
Monthly rent change added up collectively is unchanged over the previous 11 months.