by Karli Schwab | Sep 5, 2024 | Blog, CRE Trends
Multifamily interest rates are tied directly to the 10 year treasury. Lending institutions take the current 10 year treasury and require a 200-300 basis point spread to calculate the current interest rate they are willing to offer a borrower on a mortgage. Every...
by Karli Schwab | Aug 29, 2024 | Blog, CRE Trends
Stay up to date with current and relevant CRE Economic Updates from SVN Research! 1. FED POISED TO PIVOT The FOMC is poised to cut interest rates in September for the first time in over two and a half years, evidenced by recent statements from Fed Chair Jerome...
by Karli Schwab | Aug 14, 2024 | Blog, CRE Trends
Stay up to date with current and relevant CRE Economic Updates from SVN Research! GDP According to the Bureau of Economic Analysis, the US economy expanded at an annualized rate of 2.8% in the second quarter, up from 1.4% in the first quarter and above the...
by Karli Schwab | Aug 14, 2024 | Blog, CRE Trends
Multifamily cap rates have been increasing locally and nationwide since Q1 of 2022. In Q4 of 2021, cap rates reached historic lows of 5.04% on average in Spokane and 4.86% on average in the US. Currently in Q3 of 2024, cap rates sit at a 6.16% average in Spokane and a...
by Karli Schwab | Aug 6, 2024 | Blog, CRE Trends
With office vacancies through the roof predominantly due to the abundance of the work from home movement, Washington State is hoping to turn underutilized office buildings into housing. In order to incentivize this for developers, the State of Washington is planning...
by Karli Schwab | Jul 17, 2024 | Blog, CRE Trends
According to Globe St, permits for new construction multifamily properties have dropped nearly 30% Nationwide since the peak of the pandemic. This is due to a higher interest rates and higher supply of apartments that have recently been built. Several developers began...
