Commercial Real Estate & Business News – December 15, 2016

 
Just like it did a year ago, the Federal Reserve on Wednesday sent its key short-term interest rate up by a quarter of a percentage point. In the days before the announcement, traders had put the odds of a rate hike at 100%, according to Bloomberg data on futures markets. It was only the second time the Fed has increased rates since the U.S. central bank dropped its key lending level all the way down to zero during the financial crisis...»

The NRF said that the November gain came on top of a strong October, and that retail sales were up 5% year-over year. It said November's results indicate that retail sales for the holiday season will meet or exceed its holiday forecast, which anticipates an increase of 3.6% over last year's level for November and December...»

 

As 2016 draws to a close, multifamily investors, owners and developers are watching fundamentals and politics carefully to assess what's to come in the year ahead. There are certainly shifts on the horizon in terms of financing. With that in mind, below are three factors to keep in mind when seeking financing for multifamily product in the year ahead...»

 
Life companies tend to fly below the radar when it comes to providing construction financing. But the pullback in construction financing among banks is stirring up fresh enthusiasm for life company's construction-to-perm loan programs...»

Housing experts continue to give their forecasts concerning 2017, and what the year ahead will bring to the housing market, however one unknown factor continues to hang just over the horizon, out of site...»

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