Despite the year-end Fed announcement, the current spirit of the
real estate market seems generally positive, or as put by one
senior capital markets executive: "We've learned some lessons
[about gauging risks] in the not-too-distant past." Industry
experts add that the short-term effects of the upcoming interest
rates hikes on the real estate market should be negligible. John
Williams, San Francisco Fed President, reassured at the Economic
Forecast Conference hosted in January that interest rates will rise
"gradually" throughout 2016, and that inflation should rise
"gently" in line with the Fed's two percent target over the next
several years.
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