Research

California and the West in general are leading pricing downward, Redfin reported.

"Pandemic fatigue'' prompted many property sales lately, though activity shrunk 3% in Q2.

Also, employment is expected to rise in the metro area by 5.3% due mostly to leisure and hospitality hiring.

Dodge Momentum Index for June sits at 14-year high after rising by less than 1 percentage point.

Stock and bond repricings catch up to alternative assets.

Not since the start of the pandemic has it been this high, as buyers adjust to higher mortgage rates.

Slowing rent growth and below-average absorption are also issues to watch.

Tenants expect more while turnover costs remain high.