The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
Build Your Legacy with HFO.
Monday, August 24, 2015
GlobeSt.: Yes, the Correction Will Affect CRE
There have been rumblings in the market for some time that commercial real estate property prices are inflated and beyond their "true" value. Currently, many in the global business community are eager to know if Federal Reserve Bank Chair Janet Yellen will pull the trigger on raising interest rates in September or after.
Combined with the uncertainty about China's economy and last week's correction in the stock market, the commercial real estate industry will be impacted sooner than later. The depth of this impact is unknown.
Read more in an article published today on GlobeSt.com.