Gray Report Podcast/Video: Jerome Powell Keeps Interest Rates High: What’s Next for CRE?
Are CRE and multifamily investors prepared for higher-for-even-longer interest rates? The Fed’s decision to maintain the current level of the federal funds rate is no surprise, but this does not eliminate the challenges that persistently high interest rates have brought. The multifamily market may be the best-positioned CRE sector in the current economic environment, but many apartment operators are taking a cautious “heads in beds” strategy.
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