Banks moving off LIBOR. What does this mean for CRE?

<h1><span style="font-weight: 400;">In Depth CRE Capital Markets Report</span></h1> <p><span style="font-weight: 400;">The market is anticipating December will be the time tapering begins, so there will be movement in rates around that time. The question is, how fast? Analyst Bryan Kern is revising down from his earlier 2% projection to the 1.75% range. Expect some rate volatility if tapering does begin as expected.</span></p> <h2><span style="font-weight: 400;">Debt Ceiling</span></h2> <p><span style="font-weight: 400;">Analyst Jason Kelley describes the conversation and commentary around the debt ceiling as politics.</span></p> <p><span style="font-weight: 400;">“The Democrats have their $3.5 trillion spending bill but the Republicans don't want to really support it. So they are saying they are not going to approve the debt ceiling, so you can pass whatever you want, but you're not going to have any money to pay for it.”</span></p> <p><span style="font-weight: 400;">Jason says observers have to wait and see how it plays out, adding that it’s why the market is seeing such a high amount of cash in the repo market. </span></p> <p><span style="font-weight: 400;">Jason and Thirty Capital CEO Rob Finlay dig into this issue in detail during their discussion and explore what this means for the commercial real estate investors and the larger economy.</span></p> <h2><span style="font-weight: 400;">Economy sees strong growth</span></h2> <p><span style="font-weight: 400;">Rob and the team explore how the economy’s performance is impacting the commercial real estate market.</span></p> <p><span style="font-weight: 400;">Bryan explains the economy is seeing some strong growth, but the huge disparity between jobs wanted and jobs needed is concerning. </span></p> <p><span style="font-weight: 400;">“Once the Delta variant spike calms down and this whole year is in the rear-view mirror, we’ll see those align a little better,” explains Bryan. “We will see some of those gains that the market has been waiting for in the next few mon