Who Stands to Win if Interest Rates Fall in 2025?

With the Federal Reserve remaining noncommittal on when — or even if — it will adjust interest rates for the remainder of 2025, the commercial real estate (CRE) market continues to operate in a holding pattern. Transaction volumes remain well below historical norms, cap rates have stayed elevated, and both buyers and sellers are largely…

While the Federal Reserve opted to leave interest rates unchanged at 4.25%–4.5%, all attention now turns to September, where a potential policy shift could shape the rest of the year—particularly for real estate markets. Holding pattern continues: As expected, the Fed paused rate changes amid lingering economic unpredictability. Although Fed Chair Jerome Powell emphasized that…