Based in Los Angeles, Rafael De Anda is an Associate Director of Market Analytics specializing in real estate analysis across Southern California and Hawaii. He provides market and submarket analysis covering the most recent trends across industrial,...
Based in Los Angeles, Rafael De Anda is an Associate Director of Market Analytics specializing in real estate analysis across Southern California and Hawaii. He provides market and submarket analysis covering the most recent trends across industrial, retail, office, and multifamily properties and is a weekly contributor to CoStar Economy.
Prior joining CoStar, Rafael was an Economist at the Los Angeles County Economic Development Corp. and a Project Manager with Beacon Economics, where he performed economic research and consulting, authoring economic impact reports, revenue forecasts, and economic forecasts for private, public, and nonprofit organizations.
With the spring home-buying season now upon us, potential home buyers are facing difficult choices as they watch already-high mortgage rates and home prices climb further, and a portion are opting to ...
U.S. households continue to support the economy by spending more despite rising debt costs, as shown by retail and food services sales, which increased by 0.7% in March, beating consensus ...
We’re getting accustomed to seeing robust job gains reported month after month, something we thought would not continue this long as the Federal Reserve keeps its policy rate high to slow the economy ...
Unusually cold and rainy weather and has plagued Los Angeles in recent years, distressing beachside retail landlords from Malibu to Long Beach. While national consumer spending continues to favor ...
As this year’s spring home-buying season approaches, homeowners and renters remain reluctant to move due largely to the rise in interest and mortgage rates over the past two years.
The Congressional Budget Office, a nonpartisan agency, recently published its annual 10-year U.S. federal budget forecast, and its outlook on spending and revenues is dismal.
Consumers have carried the economy during the pandemic recovery and continue to spend at a robust pace. The combination of growing household debt and higher costs of servicing that debt should be ...
While the economy avoided a recession in 2023, and most analysts are expecting our good fortune on that front to continue this year, every morning seems to bring another firm’s announcement of plans ...
The labor market continues to show resilience, a positive sign of demand for commercial real estate space across property types as we begin the new year.
With the housing supply constrained by rate-locked sellers, and buyers shut out of the market by higher mortgage rates and home prices, the residential property market largely stalled in 2023 with ...
Last week’s jobs report for November was one of a series of recent reports solidifying the notion that the economy is on a glide path to a “soft landing,” a rare result given that the Federal Reserve ...
We received further evidence last week that the economy was blistering hot in the third quarter of 2023 when the latest figure for real gross domestic product was revised higher from a 4.9% ...
While the commercial real estate sector encountered multiple headwinds in 2023, including a capital markets seizure and a drop in tenant demand, the U.S. economy has managed to avoid an outright ...
Demand for industrial space in Southern California has pulled back sharply in 2023, but the foundation for stabilization and eventual recovery in leasing activity is beginning to take shape.