Archive for February, 2017

Rents Rise Fastest in Class-B Submarkets

Rents are growing much more slowly in the urban, core markets where the rents are already high. Read full story Read more

Apartment market fundamentals prompt banks to pull back

The apartment market's swelling pipeline is threatening to outpace demand for multifamily housing, prompting banks to pull back from this asset class and forcing builders to seek other forms of finance, such as mezzanine loans. Rent decreases in some markets and increasing vacancies are part of the concern for banks. Read full story Read more

Cleveland Fed: Economy promising for rate hike

Inflation is moving up and the economy is on sound footing, Federal Reserve Bank of Cleveland President Loretta Mester said, advocating an interest-rate increase. Monetary policy cannot be expected to boost productivity, she said. Read full story Read more