Where is the economy headed? What investment themes are the best to be aware of and learning about today? These are the questions we dive into in our latest Insights post.

We enter a new era with the Federal Reserve Chairman Jerome Powell saying today, "The time has come to adjust interest rate policy". He signaled rate cuts are imminent due to the labor market softening and inflation falling below 2.5%. The dual mandate has been reached and he noted concerns about keeping monetary policy tight for any longer due to the potential to cause significant damage the economy. Gold, Bitcoin, and stocks surged on the day and real estate investors are hopeful to see a bottom soon. Pugh Management believes a lag is to be anticipated and the bottom for the real estate investment market will be put in over the next 18 months, while stocks could stabilize sooner and begin a long upward ascent.

Today we celebrate 9 years of Pugh Management!

735 Broadway - Construction complete. Now leasing!

Good progress being made on the construction. The completion is coming very soon and leasing is under way. Contact Brian Pinch at Newmark for more information.

Opportunities will present themselves over time due to coming market dislocations. Inflation, interest rates, capital markets volatility, are likely to provide new investments for patient real estate investors. Patient capital is smart capital.

It’s hardly a secret that Greater Boston is experiencing a shortage of housing, particularly homes that are affordable to working-class individuals and families. There are a number of factors cited for the lack of affordable housing development, including skyrocketing land and construction costs - but much of the recent research indicates that the difficulty of building multifamily housing in Boston’s suburbs lies with the lack of inclusionary zoning in many municipalities.