Real Estate Weekly Outlook
The "unofficial end" of summer came with one final "splash" in its final days as volatility returned to U.S. equity markets following several months of relative tranquility. This week's sell-off had a different and perhaps "healthy" feel to it compared to the sharp declines seen in March and April as the losses came despite an encouraging slate of employment data that showed a continued rebound in labor markets. In what we described as a "Robinhood shakeout," the highest-flying technology names were among the hardest-hit this week while the "shutdown sensitive" sectors