Industry News: Fed March Rate Decision, Housing Market Pricing Projections, and Tariff Impacts on Commercial Real Estate
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Episode Overview
In this episode of The Land Development Podcast, Ryan Glick and co-host Charles Covey kick things off with a look at the Federal Reserve’s recent decision to hold interest rates steady. Ryan and Charles talk through what this means for developers, especially those managing budgets where borrowing costs play a big role. They also discuss the possibility of rate cuts later this year and how the Fed’s cautious approach might affect upcoming projects.
Next, they dive into Zillow’s latest housing market forecast. With home prices expected to rise only slightly over the next year and existing home sales remaining sluggish, Charles shares his take on why buyers are sitting tight and how new home sales continue to be the brighter spot in today’s market. They also touch on why Louisiana and Texas markets are seeing slower growth and how seasonality could impact sales as we head into spring.
The third article they cover comes from CBRE, warning about the impact tariffs could have on commercial real estate. Charles offers his insights into how uncertainty around tariffs is causing businesses to hold back on expansion and investment. They also discuss the challenges and opportunities this creates for developers and investors in the months ahead.