A few iconic business districts such as Manhattan’s Park Avenue and the South of Market district in San Francisco are leading the recovery in office real estate, with rents and new leases on the rise.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Nov 25 2025
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OCTOBER HOME SALES ARE MOST SINCE FEBRUARY
In October, sales of U.S. homes increased 1.2 percent from September, “signaling how even a small decline in mortgage [interest] rates will attract some buyers back to the market,” The Wall Street Journal noted. Sales were up 1.7 percent year on year.
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SEPTEMBER’S JOBS REPORT IS A PLEASANT SURPRISE
The U.S. economy created 119,000 nonfarm jobs in September, according to the Bureau of Labor Statistics’ September jobs report, delayed seven weeks by the government shutdown.
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ECONOMIC UPDATE – MARKET OVERVIEW
Today, when the U.S. equity markets opened, the Dow was down more than 100 points, the tech-heavy Nasdaq was down 1 percent and S&P 500 was down 0.7 percent.
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THE AMERICAN MIDDLE CLASS IS BURNED OUT
“Life felt more doable a year and a half ago,” college communications officer Holly Frew said in a Wall Street Journal interview last week.