Greysteel Capital Markets Update | October 2018

October 2nd, 2018 by Keeley Byer

While the Federal Reserve hiked its benchmark interest rate a quarter point last week as expected (to a range of 2.00% to 2.25%), some of its additional commentary was noteworthy. Projecting one more rate hike before the end of the year and three more in 2019, the Fed revised its 2018 GDP estimate up, from a 2.8% increase to 3.1%. Despite the optimistic view by the Fed, committee members are projecting declining growth in GDP over the next few years, with a 1.8% growth rate anticipated by 2021.

Greysteel's Ari Azarbarzin Talks Baltimore State of the Market

September 19th, 2018 by Ari Azarbarzin

Greysteel's Ari Azarbarzin was featured in the September 2018 issue of the Mid Atlantic Real Estate Journal to discuss the Baltimore State of the Market.

Baltimore seems to be suffering from an identity crisis. Depending on whom you ask or what news sources you consume, you could de-rive two very different conclusions about Maryland’s largest city. For example, in January 2018, Baltimore was named amongst The New York Times “52 Best Places to Visit” while the very next month, USA today labelled it “America’s Most Dangerous City.”

Greysteel Capital Markets Update | September 2018

September 4th, 2018 by Keeley Byer
U.S. consumer spending in July increased solidly, indicating strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal Reserve’s 2.00% target for the third time in 2018. These indicators, along with statements from Federal Reserve Chairman Jerome Powell, point to a likely increase in interest rates in September. Long-term interest rates during the month of August have remained steady and slightly down overall, with the 10-Year Treasury rate currently sitting at 2.90%.