“I think it’s just the refusal by the Federal Reserve to acknowledge the regional banking crisis is actually accelerating, not decelerating. “I don’t think the market is upset about the 25-basis-point-hike,” said Brett Ewing, chief market strategist of First Franklin Financial Services. Were higher Friday, looking to rebound from a four-day losing streak after First Republic Bank’s failure and takeover by JPMorgan Chase & Co failed to calm market jitters in the past week. In addition to office properties left half-empty by remote work, stress at regional banks loaded up with commercial real-estate exposure also has been a source of angst since the failure of Silicon Valley Bank in March. “There’s a whole face-off going on between borrowers and lenders, which is causing the machine to stop here.” Office building price may drop up to 50% “That puts pressure on valuations everywhere,” Rivera said. Information: remax Logo PNG Vector Website: Type: Brand Format: CDR Software: CorelDRAW 20.
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Fed Chairman Jerome Powell also reiterated that rate cuts are unlikely soon. remax Logo PNG Vector (CDR) Free Download remax Logo PNG Vector remax logo png vector and icon in PNG, CDR formats. Terms were looser, and borrowers could take equity out of buildings based on record valuations, when financing was cheap and abundant in recent years, but the reverse has gripped properties in need of funding since the Federal Reserve began to rapidly increase rates by 500 percentage points in the past year.įed officials pulled the trigger on another hike of 25 basis points on Wednesday, bringing the policy rate to a range of 5%-5.25%, the highest level since 2007.
Play a major role in dictating market conditions. “Frankly, the machine is shut down,” said Gabe Rivera, co-head of securitized products at PGIM Fixed Income. This is RE/MAX.While these bonds finance only roughly a 11% slice of the estimated $20.7 trillion commercial property market, the sector has long served as a visible gauge of the financial health of hotels, office buildings, apartment buildings, shopping malls and other income-producing real estate. As part of a relationship-based approach with our clients, providing information to the highest degree makes our jobs more fulfilling and also helps the client make informed and wise decisions. Our involvement with the El Paso Chamber of Commerce and various veteran support groups creates a primary focus towards education in all facets of real estate.
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So while there is an industry standard of how a real estate agent should act, there is a RE/MAX standard of how a REALTOR should be.Īs a Service Disabled Veteran Owned Business, RE/MAX ASSOCIATES supports our armed forces, active duty and veterans and assists by helping the dreams of homeownership evolve into reality. (915) 594-3034 Our Website Contact Us About Us Inspired by the evolution of the city of El Paso, RE/MAX ASSOCIATES was established in 2004 to provide a professional standard of service for the client with an organic appreciation of what it really means to care for the grassroots community. We understand that the nexus of real estate is the relationship between the client and the REALTOR. Passion and excitement are what drives our REALTORS to RISE ABOVE and distance themselves from others. Over the years, RE/MAX ASSOCIATES has kept this commitment to integrity, professionalism, and service while evolving over the years right along with the Sun City.
While a global organization, RE/MAX ASSOCIATES further defined itself as a “people first” brokerage, and acclimated itself to creating a solid foundation in a way that El Paso exemplifies. Inspired by the evolution of the city of El Paso, RE/MAX ASSOCIATES was established in 2004 to provide a professional standard of service for the client with an organic appreciation of what it really means to care for the grassroots community.
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