Current Market Conditions
The Colliers Index has been downgraded to a 6 from an 8 in February. This score reflects the current market conditions for Atlanta during a volatile and turbulent time for the global markets thanks to several factors including the spread of Coronavirus (COVID-19).
The indicators that are updating in real time (oil, interest rates, the stock market) are not positive. However, job and employment data (a big part of what goes into the Colliers Index) are backdated by a month or two and are overwhelmingly positive. These metrics have not yet been affected by Coronavirus. We will not see the overall effect from this for months - and potentially years.
The nonfarm employment gains for December and January were revised upwards by 37,000 and 48,000 jobs respectively. After these revisions, the U.S. has added an average of 243,000 jobs over the past three months.