This is a news story, published by CNBC, that relates primarily to Covid news.
For more Covid news, you can click here:
more Covid newsFor more interest rates news, you can click here:
more interest rates newsFor more news from CNBC, you can click here:
more news from CNBCOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about interest rates, you might also like this article about
interest rate cuts. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Federal Reserve news, commercial real estate market news, news about interest rates, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Lower interest ratesCNBC
•
84% Informative
The Federal Reserve began its interest rate cutting cycle last month .
Lower interest rates make debt cheaper, helping to accelerate deal flow in the CRE market.
Refinancing and sales volumes are already picking up as sentiment around the sector improves.
The CRE market had been pressured in years after the initial Covid shutdowns, ending a nearly 15-year bull run.
Multifamily real estate assets have experienced an uptick in demand.
Net absorption reached their highest level in almost three years during the second quarter .
High homeownership costs should continue to support rent demand, Wells Fargo said.
Multifrative housing booms, with completed units on track to exceed a record 500,000 this year .
VR Score
91
Informative language
95
Neutral language
48
Article tone
formal
Language
English
Language complexity
57
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
Source diversity
1
Affiliate links
no affiliate links