Despite the year-end Fed announcement, the current spirit of the real estate market seems generally positive, or as put by one senior capital markets executive: "We've learned some lessons [about gauging risks] in the not-too-distant past." Industry experts add that the short-term effects of the upcoming interest rates hikes on the real estate market should be negligible. John Williams, San Francisco Fed President, reassured at the Economic Forecast Conference hosted in January that interest rates will rise "gradually" throughout 2016, and that inflation should rise "gently" in line with the Fed's two percent target over the next several years.
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