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Apartment Financing

Monday, 11 January 2016 23:05

Market Watch - Dec 2015

A solid pace of household creation accompanies an economic expansion and will generate new demand for apartments in the near term.    U.S. apartment vacancy will fall this year to 4.2 percent and will rise nominally in 2016 as elevated completions narrowly outpace net absorption. Also, the Fed's benchmark rate most directly affects consumer borrowing for items that include residential mortgages.    Any additional tightening in monetary policy that suppresses single-family home buying and maintains a low rate of home ownership will provide a supplemental lift for the multifamily sector.
Last modified on Monday, 11 January 2016 23:08
Monday, 27 July 2015 22:18

Market Watch - July 2015

Despite geopolitical turmoil in Greece and China (China's stock markets have lost trillions) and a huge drop in commodities such as gold and oil which typically signals a global economic slowdown, bonds have not reacted accordingly. We have yet to break July 8th lows of 2.20% on the 10 year treasury and bounced off a low of 2.21% to close today at 2.228%.    However, this reaction may only represent a short term bottom, and therefore, it is advisable to lock now especially those transactions near their funding dates. Long term the stock market is potentially preparing for a huge correction, the overseas flight to tangible's should continue.    By: Gill Figueroa, First Commercial Capital
Last modified on Monday, 27 July 2015 22:31
Monday, 29 June 2015 21:45

Market Watch - June 2015

U.S Today's 10 year Treasury is at 2.36% and moving up because of the potential debt deal in Greece. Please note if Greece talks falls apart this will open a window of opportunity for a opportunistic rate lock. So we are back to monitoring geopolitical issues as the Fed has only a maybe for potential hikes. .    Interesting times, note if Greece is indeed resolved and we continue the stream of good news be prepared for a Fed move soon, resistance at 2.50% and floor at 2.20%.    By: Gill Figueroa, First Commercial Capital
Last modified on Monday, 29 June 2015 21:54
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