Commercial & Other Real Estate
Total household real estate minus owner-occupied — includes commercial property and other real assets
4.2$T
Trend YoY growth is -6.7%, slowing by 34 bps/month over the last 4Y. Latest: +1.6%, 8.3 pp above trend, a 1.6σ deviation. The latest YoY reading is depressed by 2.1 pp due to an tough comparison base from Oct 1.
Level
YoY %
y = 10.8% − 34 bps/mo · t
Deviation from trend
Forecast
Rolling 1Y trend forecast
| Forecast made in | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov '24 | -2.0% | -1.4% | -0.8% | -0.1% | +0.5% | +1.1% | +1.7% | +2.4% | +3.0% | +3.6% | +4.3% | +4.9% | +5.5% | +6.2% | +6.8% | +7.4% | +8.0% | +8.7% | +9.3% | +9.9% | +10.6% | +11.2% | +11.8% | +12.5% |
| Dec '24 | -1.4% | -0.8% | -0.1% | +0.5% | +1.1% | +1.7% | +2.4% | +3.0% | +3.6% | +4.3% | +4.9% | +5.5% | +6.2% | +6.8% | +7.4% | +8.0% | +8.7% | +9.3% | +9.9% | +10.6% | +11.2% | +11.8% | +12.5% | |
| Jan '25 | +0.2% | +1.1% | +2.0% | +2.9% | +3.8% | +4.8% | +5.7% | +6.7% | +7.6% | +8.5% | +9.5% | +10.4% | +11.4% | +12.3% | +13.2% | +14.1% | +15.1% | +16.0% | +16.9% | +17.9% | +18.8% | +19.7% | ||
| Feb '25 | +1.1% | +2.0% | +2.9% | +3.8% | +4.8% | +5.7% | +6.7% | +7.6% | +8.5% | +9.5% | +10.4% | +11.4% | +12.3% | +13.2% | +14.1% | +15.1% | +16.0% | +16.9% | +17.9% | +18.8% | +19.7% | |||
| Mar '25 | +2.0% | +2.9% | +3.8% | +4.8% | +5.7% | +6.7% | +7.6% | +8.5% | +9.5% | +10.4% | +11.4% | +12.3% | +13.2% | +14.1% | +15.1% | +16.0% | +16.9% | +17.9% | +18.8% | +19.7% | ||||
| Apr '25 | -0.9% | -0.5% | +0.0% | +0.4% | +0.8% | +1.3% | +1.7% | +2.1% | +2.6% | +3.0% | +3.4% | +3.8% | +4.3% | +4.7% | +5.1% | +5.5% | +6.0% | +6.4% | +6.8% | |||||
| May '25 | -0.5% | +0.0% | +0.4% | +0.8% | +1.3% | +1.7% | +2.1% | +2.6% | +3.0% | +3.4% | +3.8% | +4.3% | +4.7% | +5.1% | +5.5% | +6.0% | +6.4% | +6.8% | ||||||
| Jun '25 | +0.0% | +0.4% | +0.8% | +1.3% | +1.7% | +2.1% | +2.6% | +3.0% | +3.4% | +3.8% | +4.3% | +4.7% | +5.1% | +5.5% | +6.0% | +6.4% | +6.8% | |||||||
| Jul '25 | +0.4% | +0.6% | +0.8% | +1.0% | +1.2% | +1.4% | +1.6% | +1.8% | +1.9% | +2.1% | +2.3% | +2.5% | +2.7% | +2.9% | +3.1% | +3.3% | ||||||||
| Aug '25 | +0.6% | +0.8% | +1.0% | +1.2% | +1.4% | +1.6% | +1.8% | +1.9% | +2.1% | +2.3% | +2.5% | +2.7% | +2.9% | +3.1% | +3.3% | |||||||||
| Sep '25 | +0.8% | +1.0% | +1.2% | +1.4% | +1.6% | +1.8% | +1.9% | +2.1% | +2.3% | +2.5% | +2.7% | +2.9% | +3.1% | +3.3% | ||||||||||
| Oct '25 | +1.8% | +2.2% | +2.6% | +3.0% | +3.5% | +3.8% | +4.2% | +4.6% | +5.0% | +5.4% | +5.8% | +6.2% | +6.6% |