Insights Newsletter
As we move through another month, we’re excited to bring you timely updates, expert insights, and the latest loan rates to support your financial decisions. Take a look inside to see our popular articles and recent funding highlights!
Rent Control in California
A Critical Moment for Renters, Property Owners and Investors
With Proposition 33 on the November 2024 ballot, property owners and investors could face a significant shift in the rental housing market. The potential repeal of the Costa-Hawkins Rental Housing Act, a law that has protected certain properties from rent control for decades, poses substantial risks.
San Diego Capital Markets
Treasuries have gone on a scorching run following an updated job report
Our own Dillon Freeman wrote about how cap rates and financing rates were interacting based on reported San Diego multifamily trades. Since then, treasuries have gone on a scorching run following an upside surprise jobs report (which was not as great under the hood) and an upside surprise in last week's inflation readings, particularly in the core segment. The 5-year sits at 5.87%,up from 5.44% on 9/10.
Investor Insights
The Kaufman Formula
How Glenair's CEO Combines Culture, Integrity, and Lifelong Learning for Success
At a recent Fidelity Bancorp Funding event, Peter Kaufman, CEO of Glenair and a distinguished business leader, provided invaluable insights and methodologies to achieving business and personal success. As the steward of Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger, Kaufman has learned from some of the brightest minds in business and has successfully led Glenair, a world-class company, for decades. Here are some key takeaways from his talk.
California's Housing Situation
We've all seen the headlines. We've felt the impact. California's housing situation isn't just a crisis – it's our reality.
Median home prices? $888,740 as of August 2024. Homelessness? 186,000 people in July. Housing underproduction? Up 3% year over year.
These numbers impact us all—our neighbors, coworkers, employees, and communities. Governor Newsom put it bluntly: housing costs are "the defining quality-of-life concern for millions of Californians," and he's not wrong. From young families priced out of starter homes to seniors facing displacement, everyone feels the pinch.
Loan of the Month
This months fundings reveal a pattern of quick closes that serve to protect deal integrity or price. Strong lender partnerships enable us to secure fast, flexible financing solutions for our clients.
