The biggest news this past week is that the government reopened for business. Now this may just be a three-week reprieve; so, who knows how the various markets will react. This morning, I can see the stock market is down once more; and generally ignoring any celebrations.
The 10-year yield is nearing its one year low; and the FED is appearing to more careful with their overall approach due to the fear of leading us into a recession.
That’s it for this week. As always, feel free to give me a call with any of your strategic financing needs.
Articles of Interest:
The SF Chronicle reported “After lull, Bay Area rents are rising again, but not like before.”
NREI reported “Apartment Rents Expected to Rise Faster Than Inflation in 2019.”
NREI also reported “Government Shutdown’s Impact on CRE.”
Calculated Risk shared “California Existing Homes in December: Sales Down 12% YoY, Inventory Up 31%.”
The SJ Mercury News shared “Tech boom drives Silicon Valley office market, more expansions expected: report.”
See the table below for approximate interest rates.
|Apartments||4.205% – 4.780%||3 to 10 year (30 yr amortization)|
|Commercial||4.505% – 5.080%||3 to 10 year (25 yr amortization)|
|SBA Lending||Call for Options||Call for Options|