The last few weeks have been a whirlwind of economic news. Inflation is under 3% for the first time since 2021. Job growth is slowing. Unemployment is up slightly. The soft landing is happening. No, it’s not. Yes, it is.
Boy, it’s tough to know. We are all hoping, expecting, and really leaning into lower interest rates. Maybe as soon as September. By December, for sure. Right?
Our developer clients are dusting off deals and asking, “Where do you think rates will be at the end of the year? At the end of 2Q25? At the end of next year?” We are all dealing with the uncertainty.
Some things, though, are certain. While it is tough to know just how quickly and exactly when rates will come down, the wait, however long it lasts, is nearly over. The need for housing in this country is dire, and as rates fall, developers will figure out how to get deals done again. Multifamily is still the safest asset class and the best way to build wealth over time.
At AGM, we are sure of it. We have added staff, opened new markets in the Midwest, and are expanding our offerings to include VHDA financing in Virginia and bridge financing — for new construction and acquisition of existing assets —nationwide.
The wait is nearly over, and we, along with our clients, are getting ready.
When you’re ready to talk about your next project, please schedule a call.
