Economists See 'the Perfect Storm'

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SAN DIEGO-While the perfect storm is where multiple weather conditions conspire to wreak havoc of epic proportions, economists at the Mortgage Bankers Association’s annual conference say different conditions are taking place in their chosen field. Jamie Woodwell, MBA’s senior director of commercial/multifamily research, called it “a perfect calm” at a luncheon yesterday.

Woodwell said that three key points are leading the way to a remarkable era in the capital markets. Capital availability, improving property markets and innovation in lending vehicles, “whether on the debt or equity side, are making it easier for investors to find risk/reward objectives,” Woodwell said.