You're all sitting there saying when do I go and take, you know, refinance on my commercial properties? And it's all pegged as we know, largely off the 7 and 10 year yield, but mainly the 10 year yield. Residential real estates will continue to fall and decline by 4 to 5% nationally even as interest rates fall. Rising inventory, lower mortgage rates and falling values will spur a nice bounce in housing sales in the spring and summer selling season. Commercial real estate values and performance will be a mixed bag. (1:22:34–1:22:42)
CLAIM
Predicts a 4-5% national decline in residential real estate values despite falling interest rates.
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