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August 13, 2007
Dear Property Owners,
Everyone is talking about interest rates, so let's take a look at what Wells Fargo has to say on the subject. According to an August 3rd report by Wells Fargo Financial Products, Economic and Interest Rate Outlook, there are increasing bets that the Fed will be under some pressure to lower interest rates in order to stimulate growth again. For the past few months, the Federal Open Market Committee has been asserting its influence to curb inflation with its increased and/or steady federal funds rate.
However, moving forward, it is easy to find growing evidence of less inflationary risk when looking at some of the economic factors involved: unemployment rate is up slightly, the Institute for Supply Management's reports that the Non-Manufacturing and Manufacturing Indexes are down, the Chicago Purchasing Managers' index is down, and the housing market is still in slowdown. If this trend continues alongside increasing losses in mortgage-backed bonds, there will be a case for the Fed to seriously consider a slight rate cut in the Fall to stimulate growth.
To read the full report “Economic and Interest Rate Outlook ” Wells Fargo Financial Products, August 3, 2007, contact me and I'd be happy to fax or email the report to you.
Download the August 13, 2007 SVN property listings.
Download the August 6, 2007 SVN property listings.
In Contra Costa county there are at least 24 properties of 16 units or more available for sale. In Alameda County there are 59 properties of 16 units or more available for sale. Do you know of anyone interested in acquiring a multifamily investment property?
Continued Success!!
Pete Chrzaszcz (Shunz)
Advisor, Broker
Sperry Van Ness - CRG Investments
925-719-3569 cell
If you don't already know about the Sperry Van Ness difference, ask me. You'll be glad we met!
Sperry Van Ness
Sperry Van Ness - CRG Investments
415-464-2404 direct
415-464-8993 office fax
1100 Larkspur Landing Circle, Suite 170
Larkspur, CA 94939
