Of Interest

orkforce housing. Affordable housing. Housing by any other name fills a critical square for employers and employees. The cost of everything is rising affecting available inventory and the development of new product.

Banks are peering into the future and see higher interest rates. All the same, the banks have necessary liquidity to support the commercial real estate market. Stimulus money bolstered deposit growth while loans have not grown.

Not every expert sees continual expansion for the multi-family market. Inflation, interest rates and construction costs will affect projects. While talking specifically about the Bakersfield, CA market the concerns could apply across the country.

Remember location, location, location? The new watch words are labor, labor, labor. Worker and materials acquisition will affect new and existing properties in the coming year.