Market watch article
Market Watch Territory:
South Central Texas
Market Watch Month:
September 2024
In July, U.S. commercial real estate prices had mixed results. Small-dollar deals saw the slowest growth in 12 years, rising just 1.7% year-over-year. Individual investors, who once drove the market, are now pulling back due to high interest rates. The small market sales index barely increased by 0.2% from June, marking its first annual decline since 2012. Larger institutional investors began adjusting in early 2022 in response to rate hikes, helping them better navigate market changes while individual investors are now retreating.
National
- US Government Raises Hotel Per Diem Rates to $110 Starting in October
- Despite Slower Economic Growth, Outlook for US Hotels Remains Positive
- Independent Hoteliers Leverage Flexibility To Give Guests What They Want
- Next Phase of Hotel Revenue Management Centers Around Profits
- Hoteliers Weigh Opportunities, Methods of Marketing to Travelers Across Generations
Austin
- Record $148B Transportation Investment Announced for Texas Roadway Projects
- $575M Chemical Manufacturing Plant in Taylor to Service Semiconductor Industry
- Round Rock Data Center to Support New Supercomputer
Border Towns
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