CoStar: Hoteliers say new US interest rate hike opens and closes doors
Peachtree Group CEO Greg Friedman says the Fed's 0.25-point rate hike raises borrowing costs but could lower long-term rates and add certainty for hotel financing.
Greg Friedman offers a wide perspective on the real estate market. He uses the 10-year treasury yield as a market indicator but notes inconsistencies in the latest trends compared to real estate. Greg believes there will be better buying opportunities on the horizon once real estate finds a bottom to build a new foundation. Listen to the full broadcast on Schwab Network.
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