by Jordan Lester | Oct 24, 2024 | Blog, News
The Spokane City Council approved a new law on Monday, October 14th which prevents apartment landlords from evicting tenants or raising rents if their apartment units are not registered with the city. The law was enacted in an attempt to get more landlords to register...
by Karli Schwab | Oct 3, 2024 | Advisor Insights, Blog
Below is a list of Spokane County’s 20 largest employers and the number of their full time employees (as of November 11, 2023) Fairchild Air Force Base: 7,404 Providence Inland Northwest Washington: 6,775 State of Washington: 5,941 Spokane Public Schools: 3,754...
by Karli Schwab | Sep 19, 2024 | Blog, CRE Trends
The Federal Reserve decided to lower its benchmark interest rate by 50 basis points on Wednesday, September 18th, marking the first rate cut since March of 2020. The federal funds rate range stayed steady at 5.25%-5.5% from July of 2023 until now when they were...
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...
