The sharp decline in oil explains a great deal about the direction of prices, but it is not the whole story. Narrower measures of core inflation point to underlying weakness in demand that will constrain monetary policy (and real estate) should it persist.

<p>Join more than 250 leaders at the beautiful Fontainebleau for an unforgettable event addressing the multifamily's most important issues. Kicking off with a cocktail reception on Tuesday evening, this full-day conference combines networking and cutting-edge panels on the Eastern US multifamily market. Find out from the developers and economists if decreases in home ownership is a paradigm or a demographic shift. Hear where the capital stack is headed in 2015, Fannie's and Freddie's outlooks on lending and where commercial and mortgage banks are supplementing. RealShare APARTMENTS EASTS brings together the leading owners, developers, lenders, brokers and other professionals to give you the insights and vital contacts you need to succeed in 2015 and beyond. Complete event and accommodation information is available <a href="http://www.globest.com/events/realshare_event/miami/RealShare-Apartments-East-2015-353165.html" Style="text-decoration: none">here.</a></p><p>Please note we have a room block at the<a href="https://resweb.passkey.com/go/REAL0215" style="text-decoration: none"><strong> Fontainebleau Miami Beach</strong></a> which expires on February 3, 2015 or until the block fills.

PELHAM, NY—For almost 20 years Joseph Apicella was developer Louis Cappelli's right-hand man during the approval process for just about all of the firm's high-profile projects in Westchester County.