Updates in the world of Commercial Real Estate
By HOLLY DUTTON Six years ago, Opportunity Zones officially became a reality. The program was part of the Tax Cuts and Jobs Act of 2017, signed into law by former President Donald Trump in late December 2017. It was hailed as a success—a rare moment of bipartisanship that saw representatives on both sides of the […]
By Rachel Siegel and Jeff Stein After two years of relentless pressureover everything from sky-high inflation to a looming recession, the head of the Federal Reserve was asked this month what he does for fun. “For me, a big, big party — and I mean, this is really as fun as it gets — is a really […]
By Jeanna Smialek Federal Reserve officials left interest rates unchanged in their final policy decision of 2023 and forecast that they will cut borrowing costs three times in the coming year, a sign that the central bank is shifting toward the next phase in its fight against rapid inflation. Interest rates are now set to a range […]
By Will Parker When Tressy Coats looked to rent a somewhat worn-out, three-bedroom house in Virginia Beach, Va., two years ago, the market was so tight that 46 other people applied to rent the same home. This June, Coats found an ocean-facing, two-bedroom apartment in that city. The $2,100 a month rent was lower than she […]
By Steve Matthews and Catarina Saraiva Federal Reserve officials shifted their tone this week, inching closer to the conversation markets have long been having: When will the central bank begin cutting interest rates? A litany of policymakers — including six who will vote on policy next year — indicated in recent days that they were comfortable with keeping rates […]
By Greg Ryan One year ago almost to the day, the Nissenbaum family was on the brink of becoming $150 million richer. Things did not go as planned. For much of 2022, the Nissenbaums had a tentative deal in place to sell their car-parts junkyard near Somerville’s Union Square to the real estate developers building the […]
By Sam Goldfarb Wall Street is gearing up for rate cuts. Twenty months after the Federal Reserve began a historic campaign against inflation, investors now believe there is a much greater chance that the central bank will cut rates in just four months than raise them again in the foreseeable future. Interest-rate futures indicated Monday a 52% […]
By Christopher Anstey (Bloomberg) — Former Treasury Secretary Lawrence Summers said that “transitory factors” have been one element in a faster slowdown in US inflation than he anticipated. “Given how strong the economy has been, there’s still a surprise in what’s happened to inflation,” Summers said on Bloomberg Television’s Wall Street Week with David Westin. That […]
By Konrad Putzier Foreclosures are surging in an opaque and risky corner of commercial real-estate finance, offering one of the starkest signs yet that turmoil in the property market is worsening. Lenders this year have issued a record number of foreclosure notices for high-risk property loans, according to a Wall Street Journal analysis. Many of these […]
By Justin Lahart Inflation has been cooling, and a big part of why is that rent increases have as well. That is also why inflation is likely to keep going lower in the months ahead. Tuesday’s inflation report from the Labor Department showed that overall consumer prices were up 3.2% from a year earlier in October, while […]
