1. Interest Rate Sentiment The Fed’s latest statements will shape investor confidence heading into year-end. Expect more discussions around when rate cuts could arrive in 2026 — a key factor for developers lining up financing rounds. My Take: Stability is everything right now. Until we get rate relief, deals need to be structured smarter — not bigger. Fixed-rate debt, solid equity partners, and realistic returns are what will win in this environment. 2. Construction Pipeline