Commercial Real Estate & Business News – June 16, 2017
Fed Boosts Rates In June: Here’s What Commercial Real Estate Players Need To Know In a move that was of little surprise to commercial real estate experts, the Federal Reserve raised short-term interest rates for the third time in six months. The quarter-point move boosted rates to a range of 1% to 1.25%. Though this […]
Commercial Real Estate & Business News – June 15, 2017
The 20 Hottest Cities for Tech Jobs Now Job search site ZipRecruiter recently analyzed its database of more than 8 million active jobs, and ranked the 20 fastest-growing tech markets based on year-over-year data. Job growth for engineering, software, and IT roles may be losing steam in the Bay Area, but smaller cities are picking […]
Commercial Real Estate & Business News – June 14, 2017
Few Cracks Showing in the Apartment Sector Average apartment rents are increasing across the country. And despite all the new units that have become available, renters keep showing up to leasing offices, keeping the average vacancy rate in the sector relatively low. “Stabilization is a word that comes up over and over,” says Greg Willett, […]
Commercial Real Estate & Business News – June 13, 2017
Typical Arizona Renter Needs Higher Wage to Afford a 2-bedroom A new report says the typical Arizona renter needs to work more than a 40-hour week, or share the rent, to afford a two-bedroom unit. New data from the National Low Income Housing Coalition shows Arizonans, on average, earn nearly 11 percent less than the […]
Commercial Real Estate & Business News – June 12, 2017
Commercial Real Estate Market Outlook Strong in 2017 The first few months of the Trump administration have been accompanied by plenty of uncertainty, but the outlook for the commercial real estate market for the rest of 2017 is positive…» Foreign Investors Will Continue to Favor U.S. Assets As we navigate the second quarter of 2017, […]
Commercial Real Estate & Business News – June 9, 2017
Commercial and Multifamily Loan Delinquencies Remain Low; Refinance Risk Remains Elevated The recent performance of loans backing commercial and multifamily properties have again defied expectations and remained on strong footing in the first quarter of 2017, according to the Mortgage Bankers Association, which found that delinquency rates for mortgage loans were flat or decreased in […]