Colliers Quick Hits | August 18, 2022

• Blackstone has raised $24.1B for its latest real estate fund, the largest fundraise on record.
• July’s job report marks the return of full pre-pandemic employment and the second-fastest jobs recovery since 1981.
• Maersk is predicting $37 billion in EBITDA this year due to high freight rates.
• ATTOM reported that 48.1% of U.S. homes with a mortgage in Q2 are equity-rich (having at least 50% equity in their homes), the highest ever.
• Another 4.2 million people quit their jobs in June, per stats from the Bureau of Labor Statistics
• In a survey from Joblist, more than 25% of job-leavers are having second thoughts.
• There were 1.2 million fewer job opening in June than in March, when openings hit an all-time high.
• The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index showed signs of cooling in May (the latest data available), increasing 19.7% over the past year.
• In eight days in 2022, air passenger traffic was ahead of 2019’s, most recently on June 30 and July 1, per the Transportation Security Administration.
• The dollar and euro have been flirting with parity of late, making U.S. real estate more expensive.