The Mortgage Bankers Association this week is projecting strong economic growth for the US economy -- 3.5%+ through 2007. MBA also predicts long term mortgage rates will remain "quite" low supporting both residential and commercai real estate investments. Current investment property capitalization rates relfect these projections. Prices (CAP rates) for investment property are affected by multiple market forces. However, each investment real estate transaction is still unique. Each investment we consider stands by itself as a buy and sell transaction affected by its own special set of circumstances. Examples are location, property type, local economy, local governement, the tenant, the lease, the lease terms, the seller's personal and financial situation, the buyer's personal and financial situation, and so forth. The CAP rate "provided" by a seller or their broker may or may not fit the investment. Just because the "market" suggests that the CAP rate for a commercial property should be 7.5%, does not mean this is correct for a given property investment. Successful investors investigate many factors unique to a given investment property before accepting the CAP rate and price "provided" by others for the investment. Every real estate investment is finally "local" and "unique."