Our rates are low, our application is quick and easy! We can get you clear to close in as little as 10 days!
NMLS ID # NMLS # 228246
William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.
Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.
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The Evolving Landscape of Commercial Real Estate!
CRE Story Line Moves Beyond Inflation, Rate Hikes, Imminent Recession
In the dynamic realm of commercial real estate (CRE), the narrative has shifted. No longer dominated solely by concerns of inflation, Federal Reserve rate hikes, or an impending recession, the current story line paints a picture of resilience and opportunity. Recent macroeconomic indicators offer a glimpse into a landscape where optimism thrives, particularly in multifamily, industrial, and retail sectors.
One of the key drivers signaling a strengthening demand for commercial real estate space is the remarkable surge in job numbers across the United States. With a record-high total number of jobs, each month sees the addition of new employment opportunities, marking an impressive streak of 38 consecutive months. Notably, there are now 5.5 million more jobs than at the pre-pandemic peak, fueling optimism in the market.
Moreover, the unemployment rate remains at a historically low 3.9%, reflecting the robustness of the labor market. This, coupled with a surge in real discretionary income up 6.5% from pre-pandemic levels creates a favorable environment for consumer spending and economic growth. As a result, retail sales have surged by 16.8% when adjusted for inflation, signaling a resilient economy.
John Chang, Senior Vice President and National Director of Research and Advisory Services at Marcus & Millichap, underscores the significance of these macroeconomic metrics in reaffirming the strength of the US economy. In a recent analysis video, Chang highlights a shift in focus within the CRE industry from concerns of inflation and recession towards a more optimistic outlook.
While challenges and uncertainties persist, such as inflation and interest rate fluctuations, Chang remains confident in the enduring momentum of the economy. With positive trends observed across various sectors including apartments, multi-tenant retail, and industrial spaces there is a prevailing sense of resilience and growth.
Looking ahead, Chang emphasizes the importance of a long-term perspective for investors. Provided the Federal Reserve maintains a balanced approach to interest rates, the outlook for commercial real estate space demand appears promising. Investors with a focus on long-term strategies are already re-engaging with the market, recognizing the potential for sustained growth and returns over the coming years.
In conclusion, the CRE narrative has evolved beyond concerns of inflation and recession towards one of resilience and growth. With favorable macroeconomic indicators and positive sectoral trends, the future of commercial real estate appears promising for investors who embrace a long-term vision. As uncertainties persist, maintaining a cautious yet optimistic stance remains key in navigating the ever-changing landscape of CRE.
Should you need an experienced Commercial Real Estate Broker & Mortgage Broker, please feel free to contact me at 281-222-0433.
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© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory
Buying your first home can be both exciting and nerve-wracking at the same time. With so many things to consider and....
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy
Copyright ©2021 | Mortgage Viking Team
Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | Medallion Funds
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 11920 Southern Highlands Parkway, Suite 302, Las Vegas, NV 89141
Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/
Copyright ©2021 | Mortgage Viking Team Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 11920 Southern Highlands Parkway, Suite 302, Las Vegas, NV 89141 https://medallionfunds.com/bill-rapp/