What does a fast food restaurant like taco bell have to do with real estate? Can the sales of taco bell predict the next crash? What do sales at fast food restaurants mean for the general economy?
What we found in the last recession is that unlikely metrics were the best indicator of the rapid changes we experienced in real estate values. How can taco bell and other restaurants predict an inflection point in real estate? The article will provide answers for the puzzled gentleman in the picture to these questions and more 🙂
According to Bloomberg economist Richard Yamarone, “Restaurants are the ultimate consumer discretionary purchase and can be a leading economic indicator.” Across the industry, same-store sales growth has decreased for the past three months, according to MillerPulse data and traffic has also declined every month for the past year. Historically sales at fast food restaurants have a strong correlation with general economy which means as one metric moves the other metric typically moves in tangent. This leads to the question, with sales declining at fast food restaurants is this an indicator for the rest of the economy?
Written by Glen Weinberg, COO/ VP Fairview Commercial Lending. Glen has been published as an expert in hard money lending, real estate valuation, financing, and various other real estate topics in the Colorado Real Estate Journal, the CO Biz Magazine, The Denver Post, The Scotsman mortgage broker guide, Mortgage Professional America and various other national publications.
Fairview is a hard money lender specializing in private money loans / non-bank real estate loans in Georgia, Colorado, Illinois, and Florida. They are recognized in the industry as the leader in hard money lending with no upfront fees or any other games. Learn more about Hard Money Lending through our free Hard Money Guide. To get started on a loan all they need is their simple one page application (no upfront fees or other games).
- Will Taco Bell predict our next real estate crash? CO Biz Magazine
- Consumer Confidence has peaked: St Louis Federal Reserve Report
- The Housing Market is waving a red flag Bloomberg news
- Rents up over 10%: Denver Business Journal
- Wage Growth Stagnates: Denver Post
- Has Denver Peaked? Colorado Hard Money/ Fairview Commercial Lending
- Will the real estate bubble pop? Fairview Commercial Lending
- Demand for Denver homes Plummets in June despite jump in listings Denver Post
- Has Denver lost its Mojo? CO Biz Magazine