National Commercial Real Estate News

  Low mortgage rates and higher demand from an influx of new residents have caused the average home in southeast Florida to be overvalued, leaving few good deals to be had, according to a joint study from two Florida universities. A report by Florida Atlantic University and Florida International University found that single-family homes, town houses, condominiums and co-ops in Palm Beach, Broward and Miami-Dade counties are 11.52% higher than their long-term price trend. https://product.costar.com/home/news/shared/383418100?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p8  

  https://product.costar.com/home/news/shared/756537376?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p10 As the third COVID-19 relief bill made its way through Congress, a new concern dominated conversations among economists: inflation. Massive stimulus packages that more than bridge the current output gap mixed with a 25% increase in the money supply has some concerned over expected inflationary pressure that hasn’t been seen in a generation. The 10-year Treasury rate has jumped 60 basis points since the beginning of 2021 as new supply from government spending and inflation concerns have rolled through the market. Disrupted supply chain problems internationally could also put pressure on price increases  

  March 17, 2021 | 6:08 P.M The Federal Reserve plans to keep the target range for its short-term policy rate between 0% to 0.25% until labor market conditions improve to levels consistent with maximum employment and until inflation is on track to exceed 2% for some time. The statement Wednesday came at the end of its two-day March monetary policy meeting during which the Fed said it would also continue to buy at least $80 billion in Treasury securities and $40 billion in agency mortgage-backed securities to support the flow of credit to U.S. businesses and consumers. https://product.costar.com/home/news/shared/629226522?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p4