Fed Decision Means “More of the Same” for CRE Investors-The Federal Reserve voted 7-3 to keep interest rates at their current level.

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Success is never final, failure is never fatal, It’s courage that counts.

John Wooden

 

Sep 21, 2016 /  Diana Bell

The Federal Reserve voted 7-3 to keep interest rates at their current level at its September meeting, citing a steady unemployment rate and inflation that is still running below the 2.0 percent mark it has predicted.

Fed Chair Janet Yellen told reporters during her press conference that the economy has a bit more running room, but “we don’t want the economy to overheat and significantly overshoot our 2.0 percent inflation objective. That’s one risk that we need to address.”

For investors in commercial real estate, this should mean “more of the same” in the near term, says Jim Costello, senior vice president with New York City-based research firm Real Capital Analytics (RCA).

Looking at the single-family rental market in particular, Steve Hovland, director of research with online real estate investment management firm HomeUnion, says the unchanged rate “bodes well” for investors. The market is resilient enough in his view that “several upward movements in the federal funds rate will be necessary to impact the investment housing market.”

However, Boston Federal Reserve President Eric Rosengren has recently expressed concern about leaving the interest rate at its current low level for too long, potentially creating asset price bubbles. He had singled out the commercial real estate sector in particular, according to an article in the Wall Street Journal.

At the September meeting, Rosengren was one of the three Federal Reserve Board members to vote against maintaining the current interest rate, along with Esther L. George and Loretta J. Mester.

In her remarks, Yellen appeared to understand Rosengren’s concern, noting the Fed is watching the commercial real estate sector closely.

“My colleague President Rosengrin has focused on commercial real estate, where price to rent are very high and cap rates are very low,” she said. “That’s something that has caught our attention. We have a variety of tools, other than monetary policy, to address such risks. We’ve recently issued new supervisory guides. I would say that in real estate, while values are high, we are seeing some tightening of lending standards and less debt growth associated with that rise in commercial real estate prices. But more generally, we’re not seeing signs of leverage building up or maturity transformation in the way that we saw the in the run-up to the crisis and we’re keeping a close eye on it.”

Analysts at JP Morgan and BK Asset Management are predicting increased volatility for investors through the year, CNBC reports. In a JP Morgan research note, Marco Koloniv warned that should monetary policy appear to be tightening in the coming months, there could be a “significant sell-off across asset classes.”

A Bloomberg News survey forecast a 54 percent chance that December will bring a rate increase. The Fed next meets in the first week of November, before the presidential election.

SEE IT ALL:

http://nreionline.com/finance-investment/fed-decision-means-more-same-cre-investors

FROM ME:

Are you ready to sell your Commercial Building in Phoenix  –  Maricopa County , please call me.

http://walter-unger.com/are-you-ready-to-sell-your-commercial-building-in-phoenix-maricopa-county-please-call-me/

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ARE YOU READY TO SELL OR PURCHASE – I am actively looking to build relationships with Real Estate Investors and Owner Users  for  multi-family, office, retail, industrial and land in Phoenix- Scottsdale-Tucson-Arizona.

http://walter-unger.com/i-am-actively-looking-to-build-relationships-with-real-estate-investors-and-owner-users-for-retail-industrial-office-multifamily-and-land-in-phoenix-2/

 

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Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

http://walter-unger.com/why-phoenix-2/

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Phoenix Commercial Real Estate and Investment Real Estate: investors and Owner / Users need to really know the market today before making a move in Commercial Properties or Investment Properties in Phoenix / Tucson / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land in Phoenix / Tucson / Arizona.  Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.

I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group.  I also sold  hundreds millions of dollars’ worth of  Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with  brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international.  Click here to find out what is a CCIM:  https://en.wikipedia.org/wiki/CCIM

 

Are you ready to sell your Commercial Building in Phoenix  –  Maricopa County , please call me.

http://walter-unger.com/are-you-ready-to-sell-your-commercial-building-in-phoenix-maricopa-county-please-call-me/

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Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience                                                                                                                         

http://walter-unger.com/i-have-the-knowledge-and-experience-to-provide-the-best-service-to-your-clients/

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Click here to View My Listings and Profile

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

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Click here to find out what is a CCIM:

https://en.wikipedia.org/wiki/CCIM

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Click here to view my website:

http://walter-unger.com/

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Interactive Map Of All 10+ Unit Apartment Listings in Metro Phoenix

http://www.easymapmaker.com/map/28cb3b8b3206c377a6f282d980dc7974

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Interactive  Metro Phoenix Map of New Apartment Construction by Completion Status

http://www.easymapmaker.com/map/955edc17e00b08ce270fb7afb1523cc2

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Click here:

4rd QTR 2015  GREATER PHOENIX APARTMENT OWNER’S NEWSLETTER  Kasten Long Commercial Group.

http://klcommercialgroup.com/wp-content/uploads/2016/03/Q4-2015-Metro-Phoenix-Apartment-Owners-Newsletter.pdf

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Apartment  Vacancy Rates – Greater Phoenix Area – 50+ Units (Stabilized) 2013, 2014, & 2015

http://klcommercialgroup.com/wp-content/uploads/2016/03/Vacancy-Rpt-Q4-2015.pdf

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Click her to join my mailing list :      

http://visitor.r20.constantcontact.com/manage/optin?v=001l2E62PqC4Z3sggwR_1M9aUmjrzvHWmSVEfy9MrVW6ULRJR3XWD1R_98ZLV5AVRdcHcxwR32LZvKqcYEkVDBKEwAuD87hIYmDX8GpVxXVwjc%3D

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AZREIA Market Update | March 2016

https://azreia.memberize.net/clubportal/images/clubimages/2645/Market%20Update%20Files/2016/AZREIA%20201603%20Meeting.pdf

 

 

Walter Unger CCIM –  walterunger@ccim.net   – 1-520-975-5207  –  http://walter-unger.com

2016 Official Arizona Visitors Guide

Visit Arizona

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

http://walter-unger.com/why-phoenix-2/

 

1

Timeline of Phoenix, Arizona history

 

http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history

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Phoenix, Arizona

 

http://en.wikipedia.org/wiki/Phoenix,_Arizona

 

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Facts of Arizona – year 1848 to 2013

http://walter-unger.com/?p=9507

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 Properties in Phoenix, Tucson, Arizona.

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walterunger@ccim.net 1-520-975-5207

Check out my professional profile and connect with me on LinkedIn.

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Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages.  The interactive map  shows the location of each community (10+ units) and each location is color coded by the size (number of total units). 

Click here for Map of Apartments for Sale (10+units)

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Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years.  If you have any questions 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 with you. I am also in this to make money therefore it will be a win-win situation for all of us. 

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Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207

 

www.Walter-Unger.com

 

Walter Unger CCIM

Senior Associate Broker 

Kasten Long Commercial Group

2821 E. Camelback Rd. Suite 600

Phoenix , AZ 85016

Direct:    520-975-5207   

Fax:       602-865-7461

walterunger@ccim.net

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