L.A. Backs 4% Cap On Rent Increases For Stabilized Units Starting In February
With the city’s COVID-era freeze on rent increases set to expire at the end of January, the Los Angeles City Council signed off on a compromise proposal Tuesday that will allow landlords to raise rents next year by 4% — spurning calls from some tenant advocates to extend the freeze. The plan will apply only […]
Rate Cut Thesis
For the last four months, the potential for Fed rate cuts in 2024 has been a key topic. However, there has been a significant disparity between the market’s expectations and the Fed’s guidance since November, making yesterday’s Fed decision and commentary challenging for the market to interpret. At the beginning of the year, the Fed […]
U.S. Home Prices Forecast To Climb As Mortgage Rates Fall In 2024
According to a report by Goldman Sachs Research, US home prices are now projected to increase by 5% this year, up from the previous forecast of 1.9%. Roger Ashworth, senior strategist on the structured credit team, and analyst Vinay Viswanathan, noted the change. In 2025, prices are expected to rise by 3.7%, compared with the […]