(BPT) - The nation's central bank - the Federal Reserve - just raised interest rates by a quarter point. The Fed is expected to raise rates at least two more times this year by the same amount. That's going to affect a lot of your finances, including your credit card bill, car payment and home equity line of credit. But don't panic. Rates will still be below historical averages, and you can eliminate the impact of higher rates, or lessen them, with some careful planning.
When assessing commercial real estate property take a look at these key metrics. Net Operating Income (NOI): This is found by calculating the property's first year gross operating income and subtracting the year's operating expenses. The goal for this metric is to have a positive value. Cap Rate: The capitalization rate shows the value of income-producing properties - like office buildings and malls. The cap rate helps estimate the future profits made on the building.
Where are buyers purchasing homes? Take a look at the 20 most active real estate markets in the country, according to Forbes.com. 1. Orlando, Fla. 2. Provo-Orem, Utah 3. Jacksonville, Fla. 4. Raleigh-Durham, N.C. 5. Ogden-Clearfield, Utah 6. Nashville-Davidson-Murfreesboro, Tenn. 7. Atlanta-Sandy Springs-Marietta, Ga. 8. Springfield, Mo. 9. Fort Worth-Arlington, Texas