Affordable Housing | Virginia Market Update

August 20th, 2019 by Keeley Byer

Affordable Housing Investments & The Virginia Economy

Greysteel Capital Markets Update | August 2019

August 2nd, 2019 by Keeley Byer

As anticipated, the Federal Reserve announced that it will lower interest rates by 25 basis points on July 31. The Fed cited what it called “implications of global developments” and “muted inflation pressures” as factors in its decision to lower the benchmark federal funds rate even as the U.S. economy is in the midst of its longest sustained period of economic growth. On August 1, the 10-year Treasury rate decreased to 1.90% on the news. In addition, President Trump announced he will add a new 10% tariff on $300 billion Chinese-made products on September 1 after negotiators failed to kick…

Greysteel Capital Markets Update | July 2019

July 2nd, 2019 by Keeley Byer

The 10-year Treasury rate decreased to 2.00% at the end of June, down 14 basis points from the previous month, on fears of further escalation in trade tensions between the U.S. and China. On July 1st, after the G-20 meeting between President Trump and Chinese leader Xi Jinping, Treasury yields rose slightly after the two agreed to resume trade negotiations. With U.S.-China trade talks back on track, analysts are anticipating a more modest quarter point decrease by the Federal Reserve at its next policy meeting at the end of July.

Washington, D.C. Transfer & Recordation Taxes

June 28th, 2019 by Keeley Byer

D.C. Council Approves Increase in Transfer and Recordation Taxes

New York Rent Reform Package of 2019

June 17th, 2019 by Keeley Byer

On June 11, 2019, New York State Assembly Speaker Carl Heastie and Senate Majority Leader Andrea Stewart-Cousins reached an agreement on a comprehensive rent reform package that will limit or eliminate many previous laws and regulations, which includes the elimination of High-Income and High-Rent deregulation as well as limits to the Major Capital Improvement (MCI) and Individual Apartment Improvement (IAI) programs. However, the Rent Reform package did not include a universal rent control measure, which would have allowed the creation of new rent stabilized units, nor did…

Greysteel Capital Markets Update | June 2019

June 4th, 2019 by Keeley Byer

As trade war fears rose and economic data disappointed, Treasury yields declined in May. The 10-year Treasury rate decreased to 2.14% at the end of May, down 37 basis points from the previous month. The stock market fared no better, either, as the S&P 500 lost 6.6% in May. These decreases, paired with the Trump administration’s recent move to impose punitive tariffs on Mexico, have investors anticipating a potential near-term economic downturn with a second front in the global trade fight. However, in early June, Fed Chairman Powell suggested trade tensions could lead the central bank…

Investing In Opportunity Zones

May 24th, 2019 by Keeley Byer

OPPORTUNITY ZONES: April 2019 Proposed Regulations

The Investing in Opportunity Act, a special provision in the 2017 Tax Cuts and Jobs Act, is an innovative economic development tool designed to spur long-term private sector investments in designated Qualified Opportunity Zones (QOZs), located in 8,762 low-income urban and rural census tracts, throughout the U.S. With an estimated $6.1 trillion of unrealized capital gains eligible for…