According to , U.S. retail sales excluding automotive increased 7.6% year-over-year this holiday season, running from November 1 through December 24. Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment and is not adjusted for inflation.
The Q2 Yelp Economic Average finds consumers are experiencing inflation at record rates
The survey found middle-income households taking proactive steps to secure their finances as they brace for a possible recession. About three-quarters (77%) believe the country will be in that situation by the end of the year, and most Americans are preparing by cutting back on spending, delaying major purchases, or planning to work longer before retirement.
With more businesses reopening and bringing employees back to work, the U.S. economy is on firm footing and could see its fastest growth in more than three decades, National Retail Federation Chief Economist Jack Kleinhenz said today.
Watch for high notes from all the major property sectors, especially industrial, multi-housing, office and retail
...and what does that mean for commercial real estate’s role as an inflation-hedged asset class?
After a whirlwind year, the economy is picking itself up, dusting itself off and starting all over again
Commercial real estate occupiers and investors are looking beyond the pandemic to capitalize on opportunities
Investors and users of space will be closely watching the vaccine rollout and potential additional fiscal stimulus
Increasing vaccinations, $900B stimulus and robust markets deliver hope for commercial real estate