Thank you for sharing!

Your article was successfully shared with the contacts you provided.

IRVINE, CA-Despite the various positive and negative indicators on which the commercial real estate industry has been reporting, the overriding feeling about the economy is seemingly positive. Peter Muoio, senior principal and economist at Auction.com Research, tells GlobeSt.com that overall he is more optimistic than pessimistic about where we are and where we’re headed in the near future.

“There have been stronger job statistics in the second quarter and more indicators looking stronger,” says Muoio. “We pay attention to the degree of uncertainty in the economy, and we’ve been living through for several years now a high level of uncertainty. That’s been one of the component pieces of why recovery has been so difficult to gauge and get off the ground. But, the most recent sets of readings indicate that uncertainty is waning, and it’s a good way to get households and the economy investing and spending again.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.