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</xml><![endif]-->The Reality of Real Estate<br/>May 5, 2023<br/>](http://static.fmgsuite.com/media/sideBySide/variantSize/82450d33-43c8-4708-a31e-0f66abab7dc6.jpg?v=1)
The Reality of Real Estate
May 5, 2023
Recent data suggests a deceleration in economic growth in April, with little progress on inflation. At this point even the Federal Reserve staff are calling for a recession this year. As far as we know, the Fed has never explicitly forecasted a recession. One of the main reasons for the challenging forecast is the impact of higher interest rates on the banking sector. The specific implications of the availability of credit from the banking sector on commercial real estate is the primary topic of this month’s commentary.