Newsfeed: Billionaire investor Barry Sternlicht says inflation is going to ‘drop hard’—just look at rents
Starwood Capital CEO Barry Sternlicht, who has a net worth of $4.6 billion, says inflation is going to drop—and it’s going to drop hard.
Starwood Capital CEO Barry Sternlicht, who has a net worth of $4.6 billion, says inflation is going to drop—and it’s going to drop hard.
Thanks to higher interest rates, turmoil at regional banks, and slowing rent growth, sales of apartment buildings are falling at their fastest rate since the subprime-mortgage crisis, the Wall Street Journal reports.
Newsfeed: Multi-Tenant Apartment Building Sales Drop 74%, The Most Since 2008 Read More »
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 »
The sunbelt cities of Nashville, Tennessee, Austin, Texas and Jacksonville, Florida are among the hottest job markets in the country right now, according to an assessment of 380 metro areas conducted by the Wall Street Journal and Moody’s Analytics.
Newsfeed: “Explosive Growth”: Nashville, Austin Job Markets Are Hot, Hot, Hot Read More »
US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of several high-profile bank collapses that risks damaging the economy.
Newsfeed: US Bank Lending Slumps by Most on Record in Final Weeks of March Read More »
There’s no sign of a slowdown in central bank gold buying. In February, central bank gold reserves rose by another 52 tons …
Newsfeed: Central Banks Double Down On Gold Buying Read More »
Bonds and Bullion are soaring after the ugly JOLTS and weak manufacturing data this morning. Spot Gold soared back above $2020. The precious metal has only ever been higher than this on seven days in history…
Newsfeed: Gold & Bonds Soar After Weak Jobs, Manufacturing Data; Rate-Cut Odds Soar Read More »
A new report from real estate brokerage Redfin indicates that, despite elevated mortgage rates, homebuyers continue to leave expensive metro areas like New York and Seattle for more affordable housing options in cities like Miami and Phoenix.
Contracts to buy U.S. previously owned homes increased for a third straight month in February, raising cautious optimism that the housing market slump could be bottoming out.
Newsfeed: US pending home sales rise for third straight month; loan demand increases Read More »
Investors are shunning the real estate sector again, as headwinds from high rates show no sign of abating.
Property stocks are back among the year’s worst performers. They have plunged 22% since early February, with the threat of recession returning to the top of worries for market participants already calculating the fallout for funding costs from Silicon Valley Bank’s collapse and preparing for rates to remain elevated for longer.
Newsfeed: Peak Rates Can’t Come Soon Enough For Real Estate Read More »