[quote=spdrun]Interest rates: no idea, but betting on same or higher since they can’t get much lower.
Economy: slow growth in sum, but not necessarily even by time or area.
Property: Lots of foreclosed properties to still be worked through in the East Coast judicial states, which is what matters right now, less in states where processing is faster. Not a huge change in values since lending standards are still tighter than a few years ago, despite recent changes.[/quote]
I see the opposite.
Interest rates “can’t get much lower”. That is exactly what forecasters have been saying for years now, and they continue their downward trend. I think they will trend lower for most of the year. Reasons…far lower interest rates in most of the developed world. In Europe they are close to zero. European investors put their money here for a better interest rate and a currency play as the dollar continues to rise with our relatively stronger economy.
The lower interest rates will continue to lower our cap rates and prop up values of real estate in all categories.
