With interest rates holding steady and cuts seeming likely in the new year, falling yields for the 10-year Treasury and inflation that seems to have finally been brought to heel, the U.S. property investment market looks more promising than it has for over a year. Still, damage was done over the last 18 months, and even though the CRE industry rejoiced on last week’s indication from the Federal Reserve that lower interest rates are probably in the offing in 2024, the return of regular, profitable transactions will take some patience. “I'm not sure investment activity is going to come immediately in the new year, but there's a general sense that it will pick up and that when it does, it will turn on pretty quickly,” Hodes Weill & Associates Managing Partner Doug Weill said. 
The Federal Open Market Committee’s announcement that rates would stay the same until at least the end of January when it meets again — and that the majority of its members favor a drop in rates next year — had immediate positive effects in the… Read the full story here. | 
