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The market is definitely waking up from the holiday slumber! We started seeing more and more properties coming up in the last 2 weeks. Mainly smaller assets under $5M but it’s probably because the larger investors move a bit slower and will catch up in the next couple of weeks.
There are some good news and some bad news. The good news are that sellers seem to be more receptive to price adjustments. The market was very clear and as a seller, if you want to move your transaction forwards, you’ll have to listen to the market.
The bad news is that the US treasury is standing pretty steady above the 4.6% mark which makes interest rates higher at the moment. Though as we always remind investors, you marry the property but you date the rate! |
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