As inflation has soared, the Federal Reserve has begun pumping the brakes on the economy. How will that affect borrowing?
. But what will the effect on the larger development market in the Philadelphia region be?
The changing equation of development means that some projects won’t happen, especially if they are in the very early stages. “I’ve heard that a number of lenders have pulled back and are on the sidelines [until they know] where interest rates are going to settle out,” Hankowsky said.
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