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Inflation Surprise Means More Pressure Ahead For Commercial Real Estate
U.S. inflation stubbornly rose again last month — even as energy costs dropped — all but ensuring that the Federal Reserve Board will raise its benchmark interest rate by 0.75% at its meeting later this month. The Fed has already raised rates by 2% this year, but inflation has yet to come down: The overall consumer price index rose by 8.1% year-over-year in August and by 0.1% over July, the U.S. Bureau of Labor Statistics reported Tuesday. The prospect of further monetary tightening could have more profound effects on the commercial real estate sector than the last round of hikes, experts told Bisnow Tuesday. The Eccles Building, which houses the U.S. Federal Reserve in Washington, D.C.…
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Inflation Reduction Act and Tax Credits for Energy-Efficient Home Improvements
If you’re planning a few home improvements that will boost the energy efficiency of your house, you may save some money on your projects now that the Inflation Reduction Act has been signed into law. One of the bill’s main goals is to address climate change and slow down global warming. And while the legislation primarily helps businesses adopt more eco-friendly measures and jump-start clean energy production, there are incentives for ordinary Americans to go green and save some green, too. For example, homeowners can cut their tax bill even more if they install new energy-efficient windows, doors, water heaters, furnaces, air conditioners, and the like. That’s because the legislation…
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How To Decide What To Renovate During Inflation
Did you buy a new house that could use a few renovations but ended up paying more than you expected when the interest rates spiked? Or maybe you were hoping to buy a new house but decided to stay put and make your existing home more livable with a few tweaks. Or perhaps you can’t afford to make all the improvements on your wish list now that the economy is in a swirl. It’s a common scenario these days with inflation and supply chain issues making it challenging for homeowners to give their home the upgrades it deserves. That doesn’t mean you have to scrap all your plans, though. Instead,…
