Brian Dano
As January ends, and we dig ourselves out from mountains of snow and ice, I can’t help but think of insulation R values, roof snow loads, and HVAC units struggling to keep us all warm underneath. Hopefully you’re just as passionate about real estate as I. Here is what we have been doing at CIBOR behind the scenes for you, our members:
Accomplishments thus far:
-NECPE Committee is hosting a special committee meeting to evaluate vendors for a possible Moody’s Replacement. Multiple bids have already been received.
-NHCIBOR Public Policy is tracking and lobbying for/against bills so that our state can have more housing, jobs, and economic growth. This is a particularly busy legislative session.
-Planning is underway for our Golf Tournament, which will be held in June.
-Education is hosting its first Core class February 6th (hybrid in Portsmouth)
-NH CIBOR Cares has been helping people in need; Keep them in mind in the wake of the storm(s).
-Partnership with ICSC New England for a ski day February 27th at Loon Mountain
What I’m thinking about:
The dollar’s value has been hit particularly hard, especially when looking at the US Dollar Index (DXY), an index that compares USD to a basket of other currencies.
Starting Friday, January 23rd to January 28th, the index has slipped to its lowest level in four years in the mid 95s.
In the past twelve months the index has fallen 10%, a substantial amount historically.
Pros;
Rate cut assumptions are built into traders’ behavior on the index.
Inflation helps us holders of tangible assets such as real estate, but also gold and silver have both been performing particularly well.
Cons;
Some of the foreign investment we have been receiving in CRE may pivot to “more stable markets” with higher risk adjusted returns.