August 24, 2015
There isn’t a lot of good macro-economic news today, but things appear to be getting a bit better.
First of all, the stock market is taking a dive, both domestically and internationally, due to economic problems in China. The Dow Jones industrial average opened today down five percent. It was the first time the index dropped below 16,000 since October of last year. Additionally, the The Nasdaq composite index fell eight percent, while the S&P 500 dropped five percent.
In other economic news, commercial real estate services firms are seeing their values drop. Shares of CBRE have reportedly fallen eight percent this month; JLL has seen an 8.7-percent dip. Even bigger is the 17-percent plunge at HFF and the 10-percent drop at Marcus & Millichap.