“Rising home prices are the issue I hear about most often from my constituents.” “The Fed needs to start lowering interest rates because, like rent, they're too high.” Watch (YouTube) WASHINGTON – Today before the House Financial Services Committee, Rep. Ayanna Pressley (Massachusetts, 7th District) grilled Federal Reserve Chairman Jerome Powell, urging him to lower interest rates to improve home affordability and promote the construction of more affordable housing. In her questioning, Rep. Pressley highlighted the negative impact high interest rates have on mortgage prices and home construction and argued for the need to lower interest rates. You can watch…
Author: Private Lending Agent
Aspen City Hall.Austin Colbert/The Aspen Times Aspen City Council said it would like to receive additional information regarding the use of heat tape in commercial buildings, but overall council members said they tend to favor changing the current exemption. Monday's work session was an opportunity for staff to follow up on council's interest in discussing two aspects of the Renewable Energy Mitigation Program (REMP) that include heat tape and outdoor heating within dining spaces, and how each may impact commercial properties. Heat tape is a protective cable that is typically installed on gutters and roofs to prevent ice dams from…
⏰ Estimated read time: 13 minutesBusiness insurance helps protect your company and its assets when you face property damage, injuries, lawsuits or other claims that might arise from your work.The best coverage for your company will depend on its unique risks. But the best business insurance companies make getting that coverage easy — and offer a smooth claims experience so you can get back to running your business.Why you can trust NerdWalletTo determine the top business insurers, NerdWallet evaluated the financial strength, complaint records, digital features and customer service availability of insurance market leaders. Learn more about how we rate…
In the complex world of commercial leasing, tenant renovations are the cornerstone, shaping a space to meet your unique business vision. From small cosmetic upgrades to major structural changes, these modifications are more than just physical changes; they are strategic alignment between tenant desires and real estate realities. In this in-depth study, we discuss not just the modifications but the lifeblood of these modifications: tenant renovation allowances. This landlord financing tool is critical in bridging the gap between empty space and a thriving business hub. Whether you're a new entrepreneur or an experienced business owner, properly handling tenant renovation allowances…
David DeemBroker Associate714-997-3486The inventory of active homes for sale over the past few weeks has increased by 53 homes, up 3%, to 1,992. This is the second-lowest mid-February figure since tracking began in 2004, behind 2022. There were 38% fewer homes on the market, or 1,178 fewer homes, in February compared to the pre-COVID-19 three-year average (2017-2019). There were 199 more sellers on the market this February compared to 2023. Last year, there were 2,218 homes on the market, up 226 homes, up 11%. The pre-COVID-19 three-year average (2017-2019) was 5,119, up 157%, more than double.· Demand, or pending sales…
Concerns about commercial real estate are overblown, a portfolio manager told CNN.While demand for office space has fallen since COVID-19, other types of real estate have remained very healthy.Commercial mortgage bonds have priced in the bad news, and sentiment could improve soon.Everyone needs to calm down when it comes to the commercial real estate market.That's according to Brandywine Global portfolio manager Tracy Chan. In an interview with CNN, she said many of the recent concerns surrounding the commercial real estate sector are overblown.”If rates peak and the Fed reverses course, that would be very beneficial for the CRE market,” she…
Concerns about commercial real estate are overblown, a portfolio manager told CNN. Demand for office space has fallen since COVID-19, but other types of real estate have been very healthy. Commercial mortgage bonds have priced in the bad news, and sentiment could improve soon. Thank you for your registration! Access your favorite topics on the go with your personalized feed. Download the App By clicking “Sign Up”, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at any time by visiting your settings page or clicking “unsubscribe” at the bottom of our emails. Everyone needs to…
In a city where everyone's on the go, good food is important, and Whistler has plenty of lunch spots, but with so many options it can be hard to decide where to go. Here are some of the best places to enjoy lunch in Whistler. 1. Regulations Since opening in December 2023, this new café and restaurant has quickly become a local favorite. With stylish design throughout, you'll feel like you've stepped into a European café. Provisions is the perfect place to meet friends for a coffee and chat, or enjoy a grilled cheese sandwich or fresh chicken Caesar salad…
As regional banks struggle with a sluggish mortgage market and deteriorating real estate portfolios, private lenders have stepped up to fill the gap.Two of the largest commercial real estate loans so far this year, and a handful of mid-sized transactions, have come from private lenders that often also make equity investments.Elliott Management has lent $180 million to build an apartment complex in Greenpoint, while Macquarie Group has provided inventory financing for an apartment renovation on the Upper West Side. But it was Barclays that financed the purchase of the housing portfolio from New York Community Bank, which is under fire…
Overall commercial property/casualty insurance premiums are expected to increase slightly to an average of 7% across all account sizes in the fourth quarter of 2023, continuing a trend that has now been in place for more than six years. According to the Insurance Agents & Brokers Association's fourth-quarter market study, nearly all business segments saw smaller increases than the previous quarter, but the average 7% increase in the fourth quarter compared to 8.1% in the third quarter marked the 25th consecutive quarter of increases. Respondents said there had been no significant change from the previous quarter, although some said they…