Market Insights: Economic Trends

In 2020, Roers Companies’ development team saw potential in land being marketed for sale in Lakeville, Minnesota. Despite the uncertainty brought on in the early days of the COVID-19 pandemic, our team moved forward and purchased the land for what would become Northlake Lofts. The opportunity was too good to pass up. At the time, Lakeville was number one for home building growth and in the top ...

The recent Fitch downgrade of Fannie Mae and Freddie Mac has led to questions and uncertainty around the financial markets. These two government-sponsored enterprises (GSEs) are the largest mortgage lenders in the United States, and their downgrade to AA+ from AAA reflects wavering confidence in the credit markets. We see the primary impact being in the single-family housing market, where t...

Roers Companies is often asked, “Why build now? What about interest rates? Inflation? The looming recession? …” Well, we’re seeing a ton of opportunity in spite of and even because of market factors. Myth #1 High Interest Rates Make Multifamily Project Financing Impossible Interest rates are spelling trouble for single-family homebuyers. Mortgage applications for single-family homes are down mo...