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Apartment Cap Rates Inch Up for B & C Assets
Rent growth at class B and C apartment properties quickened during the first quarter. But with fewer investors and lenders vying for those properties, appreciation lagged cash flow.
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In Construction Numbers, Another Leading Indicator of Apartment Shift
Multifamily development includes more than rental apartments. Assuming they are the same masks an important shift.
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Cost of Eurogroup's Tactical Errors Will Outlive Cypriot Crisis
Though rejected by the Cypriot parliament, abrogation of the sovereign guarantee has shattered the credibility of the deposit insurance scheme. The complicity of the Eurogroup and IMF undermines perceptions of guarantees across the currency union.
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An Argument for Sequestration
The sequester is the wrong path for the American economy. For just a moment, it may be the best option we have.
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Banks Expect to Lend More in 2013
Like their CMBS counterparts, banks expect to ramp up lending volume in 2013.
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The Fed's Latest Move, Interest Rates, and Property Market Valuations
The Fed expects to keep a lid on interest rates until 2015, allowing monetary policy to play a continued role in commercial property prices.
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Writing From Athens, Epicenter of the Euro's Existential Crisis
Protests in the streets of Athens - and discussions in the halls of Westminster - underscore a popular readiness to dismember Europe's economic and political coalition.
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An Election, a Fiscal Cliff, and the Cost of Borrowing
With the election just days away, attention is fixed on the candidates and Washington's influence on our industry.
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Underwriting a Housing Recovery
National housing trends show a tentative recovery is underway. While not true for every neighborhood, some segments of the market will see rental demand tempered by housing's mollified risk profile.
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Misplaced Hopes for Further Fed Interventions
Property investors are listening closely for any subtle shifts in the Fed's signaling its next moves. But this focus is largely misplaced. At least for now, the practical effectiveness of the Fed toolkit in supporting real economic activity is debatable.
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