Last Friday we attended the Midwest Real Estate News’ Real Estate Investment and Finance Summit where our own Daniel Kann, MAI sat on the Financing Market panel! Here are five takeaways from the panelists' discussion: 1. Interest Rate Increases Will be Slow and Steady: It seemed to be consensus among the panelists that if interest rates increase, it will be at a glacial pace. Additionally, seller pricing could take interest rate increases into account if this does happen. 2. Kansas City is Attractive to the Coasts: Panelists agreed that the low cost of living and increased opportunity for yield is partially responsible for the influx of out-of-state property investors we've been seeing in KC as of recent. 3. CMBS Defaults Could Spike: This could cause CMBS lenders to be eager to close, according to the panelists. 4. Watch Out for TIF: When the discussion turned to Tax Increment Financing, panelists were concerned that there would be no incentive to continue to redevelop if we lean too much on TIF. 5. Kansas City is in a Good Place: Panelists predicted that Kansas City will become more and more desirable as time goes on. If the city continues to increase job growth and accommodate the desire for urban living, we will see an influx of people to the city. What do you think about the panel discussion? Anything to add? Sources: Cost of Living in Kansas City, Missouri, United States What are the Best Cities for Out-of-State Investors to Buy Rental Properties? The New American Dream Is Living in a City, Not Owning a House in the Suburbs
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