3 Things To Be Grateful For Thanksgiving 2023

Performance Property Real Estate Question

1. The Fed didn’t raise interest rates at their last meeting and the Federal Reserve chair said the board sees no urgent need to raise rates further, because inflation is easing.

2. In the last month, the Biden administration announced new actions to support the conversion of high-vacancy commercial buildings to residential use via new financing and the sale of federal properties. This is very welcome news to address the massive housing shortage that is driving higher housing costs.

3. The US economy is doing very well and we are not in a recession despite so many dire predictions that one was unavoidable. Happy Thanksgiving to everyone in my Real Estate Insider Family.