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Fourth Quarter 2017
In This Issue
Feature — Our year-end assessment of multi-family fundamentals
Economy — Positive year-end employment and economic trends. Rising short rates, a flattening yield curve, and tightening spreads.
Cyclical highs and volatility in property prices
Three Trends We Are Watching:
- Cyclical highs in property prices
- CMBS conduit market share
- Increasing interest rates
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