NEWS

News

Palomar Press Briefing | June 23, 2021

 

 



 

 

 

 INDUSTRY NEWS

 

 

 

June 23, 2021

 

 

 

 

THE TYPICAL HOME PRICE IS UP A RECORD 13.2% COMPARED TO LAST YEAR, ACCORDING TO ZILLOW

The typical U.S. home price hit $287,148 in May 2021, a 13.21% increase from May 2020, according to a new report from Zillow. That’s a record rise since the company started collecting the housing price data in 1996.

INDOOR DINING INCREASES AS CONSUMERS FEEL SAFER, PLUS MORE FROM ICSC’S CORONAVIRUS CONSUMER SURVEY

More consumers are shopping in malls, dining indoors, visiting leisure and entertainment venues and even watching movies indoors, according to ICSC’s latest Coronavirus Consumer Survey of 1,004 U.S. respondents conducted June 11-13.

REITS RISE, CONTINUE TO OUTPERFORM BROADER MARKETS

REITs rose last week with a 2.5% total return on the FTSE Nareit All Equity REITs Index, the fourth consecutive weekly gain. REITs outperformed the 0.6% return on the Russell 1000, and indeed have outperformed the broader equity markets for the past five weeks.

RETAIL SALES SLIP IN MAY BUT SHOWING STRONG YEAR-OVER-YEAR GROWTH

Retail sales remained at elevated levels in May 2021, despite month-to-month fluctuations. According to the National Retail Federation, retail sales – excluding automobile dealers, gasoline stations and restaurants – fell 1.2% in May from April, but were up 17.3% unadjusted year-over-year.

MONTHLY RETAIL SALES FROM THE US COMMERCE DEPARTMENT

Every month, the U.S. Department of Commerce, Census Bureau, releases its first calculation of the previous month’s retail sales. At Retail Dive, we report these figures by grouping the key segments that define the “retail” in a way that we hope is most meaningful to the industry.

U.S. ONLINE RETAIL SALES TO REACH $865B IN 2021

U.S. online retail sales will reach $865 billion in 2021, with nearly two-thirds of Amazon Prime Day shoppers surveyed saying they intend to spend more during this year’s event than they did in 2020, according to FTI Consulting in its 2021 U.S. Online Retail Forecast.

MOMENTUM KEEPS BUILDING FOR KROGER IN Q1

The Kroger Co.’s first quarter earnings show that the company’s fresh and digital value proposition are positioning the company for long-term sustainable growth. The company raised its full-year forecast on June 17, citing continued post-pandemic sales momentum.

 

 

 

FOR SALE

 

 



















 

UNDER CONTRACT

 

 













 

CLOSED

 

 

















ALL PALOMAR DEALS


 

 

 

 

 

 



 

Twitter

 

 

Facebook

 

 

Instagram

 

 

LinkedIn

 

 

Website

 

 

 

 

Copyright © 2017 Palomar Group LLC, All rights reserved.

Our mailing address is:
206 Pitcarin Way
Suite A
Augusta, GA 30909

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

 

 

 

 

 

 

This email was sent to *|EMAIL|*

why did I get this?    unsubscribe from this list    update subscription preferences

*|LIST:ADDRESSLINE|*