Key takeaways The Federal Reserve’s anticipated interest rate cuts appear delayed due to persistent inflation rates above their 2% target, defying the initial expectation of three rate cuts in 2024. Not only inflation but a potential deterioration in the job market could also prompt the Fed to reduce interest rates to safeguard the U.S. economic expansion. Regardless of when or how much the Fed cuts rates, it’s unlikely to alleviate the burden of high interest rates, with mortgage rates, auto loans and more at the highest levels in over a decade. Federal Reserve officials started off the year thinking they’d…
Author: Private Lending Agent
Downward angle icon Downward angle icon. pimco Thomson Reuters “The real wave of commercial real estate mortgage crisis is just beginning,” Pimco's John Murray told Bloomberg. He warned that a surge in bank failures could come as a result of high exposure to commercial real estate loans. Big bank and nonbank debt funds are also areas to watch. John Murray, global head of real estate at Pimco, told Bloomberg that the “very high” concentrations of bad commercial real estate loans would set off a new cascade of bank failures.”The real hardship is just beginning,” Murray said. Since interest rates spiked…
While some women entrepreneurs take out business loans to grow and expand their businesses, others find that a business loan is not the best option. Luckily, there are plenty of other options to fund your business. Women's Small Business Grants Small business grants are available to businesses that need help starting or expanding, and are usually targeted to help certain types of businesses, including women-owned businesses. Unlike traditional business loans, women's small business grants don't have to be repaid, and they usually don't have to pay any fees or interest. Generally, grants can be obtained from a variety of sources,…
In a compelling presentation at the 2023 NAR NXT Commercial Economic Issues and Trends Forum, National Association of Realtors (NAR) Chief Economist Lawrence Yun suggested the commercial real estate sector is poised to reinvigorate and called on the Federal Reserve to consider a key step: lowering interest rates. Yoon highlighted the daunting challenges facing the commercial real estate market, particularly the impact of high interest rates: There are roughly $3 trillion in commercial real estate loans outstanding, and the equivalent of $600 billion is earmarked for refinancing each year at high interest rates, discouraging borrowing and increasing refinancing costs. “High…
Imagine this: you're at a party and someone asks what you do. You confidently answer that you're a real estate agent. Then imagine handing them your business card and seeing their eyes light up when they see “www.YourCity.realestate” written on it. Instant wow, right? Welcome to the world of .realestate domains, where your web address doesn't just say who you are, it shouts it out loud. .com is a thing of the past Let's be honest, the .com world is crowded. Everyone has a .com. Not that there's anything wrong with that, per se, but it's kind of boring. A…
Exploring the Cosmos: Idaho’s Stellar Observatories and Planetariums Idaho’s vast stretches of unspoiled wilderness and minimal light pollution make it an ideal destination for exploring the wonders of the night sky. Whether you’re a seasoned astronomer or a curious novice, the state offers a variety of observatories and planetariums where you can marvel at the mysteries of the cosmos. In this article, we’ll take a celestial journey through some of Idaho’s top venues for star gazing and astronomical exploration. In addition to the well-known observatories and planetariums, Idaho boasts several more celestial viewing spots, offering unparalleled opportunities for stargazing and…
Lizzy Weekly Looking to upgrade your home's heating and cooling system? Consider the benefits of HVAC mini-split systems. These compact, efficient units offer a variety of benefits that make them a popular choice for homeowners. Here are five key benefits of mini-split systems that can improve both comfort and energy efficiency. Energy efficiencyOne of the main benefits of HVAC mini-split systems is energy efficiency. Unlike traditional central air systems, which lose energy through ducts, mini-splits deliver air directly to each room. This targeted approach reduces energy waste, which translates into lower utility bills. Plus, many mini-split models come equipped with…
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Organized retail crime has become an issue for retailers nationwide, with stores such as Target saying they are closing storefronts due to theft losses and for safety precautions. The National Retail Federation reported that more retailers in America felt organized retail crime was a higher priority in 2023 (78.1%) compared to 2022 (70.7%). In addition, shoplifting statistics show that 88% of retailers say that shoplifters are at least somewhat more aggressive and violent compared to one year ago. Forbes…
Key Takeaways The FOMC is expected to keep interest rates at 23-year highs at its next meeting, and may cut rates less or not at all, compared to the three cuts it had expected in 2024. The reasons for the cuts are more important than the timing, with a gradual economic slowdown being the preferred scenario. Consumers should focus on paying down high-interest debt and building emergency funds. Federal Reserve officials may have unwittingly likened themselves to airline pilots when they began raising interest rates for the first time in 40 years, aiming to give the U.S. economy a “soft…
Blue Owl Capital Inc. (OWL) announced that it has completed the acquisition of Prima Capital Advisors from funds managed by Stone Point Capital LLC. The move aims to increase the company's presence in the real estate market and further diversify its offerings on its platform.The transaction, announced in April 2024, also shaped Blue Owl's real estate finance strategy. Under the terms of the transaction, the company paid approximately $157 million in stock and $13 million in cash. An additional earn-out of up to $35 million will be paid in the form of stock if certain milestones are met. Prima employees…