PHOENIX – A panel of real estate professionals met Thursday to discuss multifamily housing as a market indicator as part of the RealShare Phoenix Metro 2013 conference at The Phoenician Resort. The panel was moderated by Daniel Palmier, president and CEO of UC Funding, LLC.
Some of the discussion centered on interest rates, with little conclusion.
“What the interest rates mean, and they will rise,” said Cliff David, vice president of investments for Marcus & Milichap Real Estate Investment Services, “is that it's a healthy thing fundamentally. If you are booking seven to ten-year debt, that's a really good story for Phoenix.”
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