The Savvy Investor’s Top 3
Here’s what apartment investors in Eastern Washington need to know this month.
HOW MUCH MORE WILL THE FED RAISE RATES IN 2023? HERE’S WHAT EXPERTS ARE SAYING
After spending last year raising interest rates at a speed unmatched since the 1980s, Fed policymakers are taking a different approach in 2023: hiking interest rates at a slower and more deliberate pace. Rates haven’t been at this level since the mid-2000s.
ASKING PRICES DROP NEARLY 5% IN MARCH WHILE CAP RATES RISE
Average asking prices dropped 4.81% in March compared to month-over-month data, with cap rates rising by 25 basis points in the same period. For those looking to sell, now is the time as price reductions are expected to continue.
KIDDER MATHEWS IN THE NEWS!
Max Frame and Kidder Mathews sell Spokane 41 Unit Apartment Building