Some big things are happening internationally and domestically – how might that hit real estate?

China real estate bubble.

There are a few questions worth answering here. However, there is very little discussion about how this might impact our domestic economy.

Commercial real estate.

Could be a more pronounced slowdown in this segment.

As companies decide how to manage costs as we head into recession, what they decide to cut could be very different under our new reality.

Comforting unemployment numbers.

Some good news for a change.

Unemployment has dropped to pre-pandemic levels. Can this continue as we face more challenges?

Also a good spread of job types.

The kinds of jobs added were also comforting. Starting off with leisure and hospitality (96k), but professional jobs were second (89k). While that is generally good news, the largest job group does tend to be seasonal, but still a good number overall.

Links:

https://www.bnnbloomberg.ca/china-s-bubble-bursting-has-wall-street-eyeing-a-2022-rally-1.1696485

https://moderndiplomacy.eu/2022/07/17/a-real-estate-and-banking-crisis-in-china/

https://nypost.com/2022/07/20/chinese-buyers-spent-record-6-1b-on-us-real-estate-in-2021/

https://www.cnbc.com/2022/08/05/where-companies-say-they-will-cut-budgets-first-in-a-softer-economy.html

https://www.calculatedriskblog.com/2022/08/july-employment-report-528-thousand.html