Monday Market Update- June 24th, 2024

Monday Market Update – June 24, From the Desk of Amy Calandrino at Beyond Commercial

This week in commercial real estate and markets, here’s what’s moving and shaking from our office at Beyond Commercial, around Orlando, and on the national scene.

1. National Perspective: Lower Mortgage Rates
The latest data from Freddie Mac’s Primary Mortgage Market Survey indicates a decrease in mortgage rates, with the 30-year fixed-rate mortgage now averaging 6.95%. This is good news for those looking to buy as lower mortgage rates improve affordability and potentially invigorate the housing market by making financing more accessible. While the rates have fluctuated recently, the overall trend points towards a slight cooling off, which can be a critical factor for buyers and investors in the real estate market. More details can be found on Freddie Mac’s [website]

2. Local Update: Winter Park’s Commitment to Business Growth
In a noteworthy development for local entrepreneurs, the City of Winter Park and its Community Redevelopment Agency (CRA) have teamed up with the National Entrepreneur Center (NEC) to deliver direct business technical support. This collaboration underscores a significant commitment to nurturing the business landscape in Winter Park. An exciting aspect of this partnership is a series of FREE events designed to aid businesses in their growth efforts. These events offer a fantastic opportunity for local businesses to gain valuable insights and tools necessary for expansion and success in today’s competitive market. For more details on these events and how you can participate, visit [BizLinkOrange](https://bizlinkorange.com/winterpark/).

3. Inside Beyond Commercial: Insights from a Retail Real Estate Expert
In a recent engaging discussion hosted by Cory Zelnik of Zelnik & Co in New York City, Amy Calandrino shared her expert insights on the retail sector. During the podcast, Amy delved into the dynamics of retail real estate, emphasizing how strategic location choices and understanding market trends are crucial for business success. Her insights are invaluable for anyone interested in investing or developing retail spaces, especially given the evolving consumer behaviors in today’s economy. Tune into this insightful session to gather actionable advice by listening to the full podcast [here](https://podcasts.apple.com/us/podcast/030-amy-calandrino-beyond-commercial/id1683801794?i=1000658875258).

Stay tuned for further updates on these developments and how they might influence your commercial real estate decisions. For more immediate insights and personal consultations, feel free to contact us at Beyond Commercial.