Almost $1.5 trillion of US commercial real estate debt comes due for repayment before the end of 2025. The big question facing those borrowers is who’s going to lend to them?
Newsfeed: A $1.5 Trillion Wall of Debt Is Looming for US Commercial Properties Read More »
With interest rates now hovering around 5%, existing-home sales are down more than 14% from last year. Some potential buyers are sitting on the sidelines until rates or prices or both decline, while sellers are hoping the market picks up again so they can get a higher price.
Newsfeed: The Fed’s Damage to the Housing Market May Last Years Read More »
If you took out a mortgage over the last couple of years, there’s a good chance the holder of that loan is America’s central bank — a consequence of its monetary stimulus efforts throughout the pandemic.
Newsfeed: The Fed’s $2.7 trillion mortgage problem Read More »
Federal Reserve Governor Christopher Waller said longer-run structural issues will continue to put upward pressure on home prices and rents even as the central bank begins a campaign to raise borrowing costs.
Newsfeed: Inflation measures risk understating housing costs, Fed governor says Read More »
Today’s Wall Street Journal reports that MGM Mirage is cutting the price of the condominiums in its spectacular City Center project in Las Vegas, Nevada. How big a cut? Thirty percent! We’re not sure what their margin is, but that’s probably all of it and then some. Ouch. Worse, it’s probably still not enough. But
Reality or Mirage? Read More »