BlackRock – Weekly Investment Commentary – August/26/2013

 

 

 

 

 

 

 

 

When you do the common things in life in an uncommon way, you will command the attention of the world.

George Washington Carver

 

 

Russ Koesterich: August 26, 2013

 

Overview

  • Rising interest rates are threatening the housing market. . .and the economy.
  • There’s a risk of rates rising faster than expected if retail investors sell their bond funds more aggressively.
  • Market volatility is likely to continue. But conditions favor stocks over bonds. Be selective though: be wary of utilities and housing-tied sectors.

 

Stock and Bond Markets Remain Volatile

With uncertainty around economic growth and Federal Reserve policy, markets have lurched from one data release to another. The past week was no different, with mixed reports leading to continued volatility in both stock and bond markets. The Dow Jones Industrial Average declined for a third consecutive week, down 0.5% to 15,010. Meanwhile, the S&P 500 Index inched up 0.5% to 1,663 and the Nasdaq Composite advanced 1.5% to end the week at 3,657. Medium-term interest rates hit another multi-year high last week before pulling back on Friday. The yield on the 10-year US Treasury note climbed above 2.90%, its highest level since July of 2011, but ended the week roughly where it started at 2.82%.

Stocks experienced their worst weekly losses for the year last week, with the Dow Jones Industrial Average dropping 2.2% to 15,081, the S&P 500 Index declining 2.1% to 1,655 and the Nasdaq Composite sinking 1.6% to 3,602. Fixed income markets were not immune to the volatility, with Treasury yields experiencing their largest jump since June (prices move in the opposite direction of yields). The yield on the benchmark 10-year Treasury rose from 2.58% to 2.83%.

Rising Rates Threaten Housing. . .and the Economy

As interest rates have climbed, mortgage rates have followed suit. The cost of a 30-year conventional mortgage is now at about 4.7%, up from 3.6% in early May, and the monthly mortgage payment on a median US house has increased roughly $200 during the same period. As rates (and mortgage costs) have risen, mortgage and home sales activity has started to falter. A recent Mortgage Banker Association survey shows loan activity down by more than 50% from a May peak, and on Friday, the market learned that new-home sales plunged 13.4% in July, the biggest drop in three years.

The bond market quickly took notice of the drop in new-home sales. Bond prices rallied and yields fell following the news, a tacit acknowledgement of how critical the housing market is to the broader recovery. Indeed, if steeply rising rates cause the housing market to roll over, the economy is likely to go with it.    READ MORE

 

http://www2.blackrock.com/us/individual-investors/insight-education/featured-insight/weekly-commentary?cmp=weeklycommentary&chn=EMC&c=individual

 

PDF.  Watch Housing – It’s Critical to the Recovery and Markets August 26 2013

 

 

 

 

 

little about me and my expertise – video

LAND SPECIALIST – LAND EXPERT – INVESTMENT BROKER – ARIZONA

https://www.youtube.com/watch?v=PPs3kpKR4nY

 

 

Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Investment Properties in Phoenix.

 

 

View my listings and my profile at:

http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/Listings/

 

www.Walter-Unger.com

www.KLCommercialGroup.com

 

What is a CCIM?

 

 

Please go to my web-site and get all the newsflashes and updates in Commercial Investment Real Estate in Phoenix and Commercial Investment Properties in Phoenix daily

 

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Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial Investment Real Estate Broker in Arizona now for 15 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial and  Landspecialist in Phoenix and a Landspecialist in Arizona.

 

1.

WHETHER YOU LEASE OR OWN

NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.

 

In my opinion in Arizona we are at on the a rise of the cycle in Commercial Real Estate.  so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix.  The prices on deals I may get you will not be around forever.

2.

IF YOU OR ANYBODY YOU KNOW IS IN TROUBLE WITH YOUR BUSINESS, AS MANY AMERICANS ARE IN THE MOMENT, AND ARE ABOUT TO LOSE YOUR COMMERCIAL PROPERTY, PLEASE CONTACT ME.  IF YOUR BANK IS BEHAVING BADLY I MAY BE ABLE TO HELP YOU GET OUT OF SOME OR MAYBE A LOT OF FUTURE HEADACHES.

 

3.

WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME

  We barely could give land away the last few years, but times are changing.  Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.

Since I was a Land Specialist in Arizona and a Land Speciaost in Phoenix many of my clients, Sellers and Buyers remember me and now they are calling me again, so this is the time to get back into land and none of my clients, including future clients, will miss out on getting their best deal.

Also, if you are up-side down on your land, like many Americans, and the lender is giving you a hard time, now is the time to put your land on the market. Lenders are making deals now with short sales.  I have been working with banks for many years – I learned how to work with them.

 

If you have any questions about the 1 to  3 above, about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.

 

Please reply by e-mail walterunger@ccim.net or call me 520-975-5207 (cell)  602-778-5110 (office direct).

 

www.Walter-Unger.com

 

 

 

Thank You

Walter

 

Walter Unger CCIM

Associate Broker

Kasten Long Commercial

2821 E. Camelback Road, Suite 600

Phoenix, AZ 85016

Cell:      520-975-5207

Direct:   602-759-1202

Office :  602-445-4141

Fax:      602-445-4188

walterunger@ccim.net

 

Delivering the New Standard of Excellence in Commercial Real Estate

 

www.walter-unger.com

www.KLCommercialGroup.com

 

 

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