US News & World Reports says that last week’s announcement by the Fed to raise rates marked an end to an historic era of near-zero interest rates. They said for [all] investors it “signals a shift to a rising interest-rate environment, which opens the door to a new phase of potential winners and losers.”
One potential takeaway of interest to real estate investors:
Invest in real estate sooner rather than later. Rising interest rates will put upward pressure on mortgage rates. “I would buy real estate now instead of later because mortgage rates will be higher. That would be an asset class I’d look at,” said Ted Peters, former member of the Philadelphia Fed Board and CEO of the Wayne, Pennsylvania-based Bluestone Financial Institutions Fund. “It’s that simple. It’s a sign that things are certainly improving. If the economy continues to improve, the market will continue to go up.”
Click here to read the full story at US News & World Reports.
