A sharp drop in net immigration could weaken household formation, labor supply and neighborhood spending across key Sun Belt markets.

The number of sellers reached a six-year high in August, while buyer demand remained near a record low.

Deloitte forecasts holiday retail sales growth of 4.0% to 4.8%, while Accenture finds that nine in 10 consumers plan to shop before Black Friday and Cyber Monday.

The asset sits 35 miles east of Downtown Los Angeles, which hosts a population of over 4.7 million residents