The Fed May Cut Interest Rates Again This Week. Then What?
By: Jordana Rothberg
Still, money remains on the sidelines. Brad Siegal, shareholder and member of the real estate practice group, Buchalter’s Nashville office, told MHN that some of this capital is waiting to confirm that rates will continue to fall, as the finance and investment community waits out election results. In the Southeast, at least, little has changed since the first rate cut, according to Siegal.
“Projects that are underway are still proceeding but new ‘out of the ground’ developments didn’t see much, if any, of an uptick,” he said. “Acquisitions and dispositions were similar in that not much ‘new’ activity developed with this, but my view is this was driven by mainly waiting for the election to complete.”
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