Commercial Real Estate & Business News – November 6, 2023
Phoenix Second-Hottest Market for Real Estate in 2024 Phoenix is once again one of the hottest real estate markets in the U.S. as the region continues to attract new residents by the masses, according to a new Urban Land Institute study released this week. This year, Phoenix was ranked the second top market to watch […]
Commercial Real Estate & Business News – November 3, 2023
The Economy Rolls Along, Posts Strongest Growth in Nearly Two Years Instead of slowing during the second half of the year as many economists had predicted, economic growth is accelerating. The Bureau of Economic Analysis reported last week that real gross domestic product grew by 4.9% annualized during the third quarter, easily beating expectations. For […]
Commercial Real Estate & Business News – November 2, 2023
Fed Holds Off On Raising Interest Rates For Second Time In A Row The Federal Reserve announced Wednesday that it won’t raise the federal funds rate for now, keeping the base rate at 5.25% to 5.5%. Speaking at a press conference after the announcement, Federal Reserve Chair Jerome Powell left open the door to…» Clean […]
Commercial Real Estate & Business News – November 1, 2023
What Is the Multifamily Sector’s Short-Term Exposure to Credit? While much of the commercial real estate industry has been focusing on concerns surrounding maturing office building loans, multifamily debt has increasingly become a significant concern for lenders and borrowers as the 25-basis-point interest rate hike in July increased the federal funds target rate to…» Three […]
Commercial Real Estate & Business News – October 31, 2023
HAPPY HALLOWEEN! White House Opens $45B in Federal Funds to Developers to Covert Offices to Homes Biden administration turns to developers to help ease U.S. housing crisis The White House kicked off a multiagency push on Friday to help finance real-estate developers convert more office buildings in big cities emptied by the pandemic into affordable […]
Commercial Real Estate & Business News – October 30, 2023
U.S. GDP Growth Beats Estimates in Q3 The U.S. economy grew even faster than expected in the third quarter, CNBC reported Thursday. Growth was buoyed by a strong consumer in spite of higher interest rates, ongoing inflation pressures, and a variety of other domestic and global…» The U.S. Economy Is a Juggernaut. Why It May […]