The Fed lowers rates, and once again real estate is loving it
October 30, 2019 | Keith Larsen | Therealdeal.com
There may come a time when a Federal Reserve interest rate cut is met with skepticism from th broader real estate industry. But now is not that time, experts say.
Investor interest in real estate deals has climbed since the Fed first started cutting rates in July, through to its third and latest round of cuts announced Wednesday.
Lowering interest rates makes other asset classes such as bonds less attractive, which has caused investors to turn to higher-income producing assets like real estate, specifically multifamily.
“Anything with income becomes a lot more valuable,” said Inigo Ardid, co-president of Miami-based Key International, a real estate investment and development company.
