The TreppWire Podcast: A Commercial Real Estate Show 253. Powell's Reverse Pivot, Strong Mall Issuance, Property Transactions, & Appraisal Reductions
Apr 19, 2024
This podcast episode discusses Fed Chair Powell's pivot, a $1.5B multifamily loan transfer, new CMBS issuance, property transactions, and appraisal reductions in CRE market. It also covers bank earnings, multifamily sales, retail new issuance, and shoutouts to listeners. Tune in for insights on economic updates, sales transactions, and more.
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Market Volatility
- Several factors are impacting treasury yields, including retail sales and tensions in the Middle East.
- The combination of these events has been particularly challenging for treasury yields and equities.
Powell's Pivot
- Fed Chair Powell's comments suggest a potential reversal of earlier predictions of rate cuts.
- This shift in expectations has added to uncertainty in the market.
Stimulative Effect of High Rates
- Higher interest rates may be stimulating the economy by increasing income from bond investments and savings accounts.
- This contrasts with the typical expectation of reduced spending during high-rate periods.