Mark Heschmeyer of CoStar opens us up this week, outlining that distress in the office market is starting to trickle into bank portfolios. The CFO of PNC, for instance, noted…
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Newsletter:
Buying a home is more stressful than dating, survey
Alicia Wallace of CNN starts this week with commentary on the unusually strong jobs report. The economy added 336,000 jobs in September, well above the expectation of 170,000 jobs. Further,…
The downfall of the sellers market
Matthew Rothstein of Bisnow reports on the regional bank pullback from commercial loans in Q2, which is the lowest volume observed since record-keeping began in 2011. Further, loan extensions have…
Scales tip toward rentals over buying heading into 2024
Fannie Mae released a market update last week, highlighting that the likeliest scenario for the economy is a mild recession as inflation and the labor market cools. Doug Duncan, Chief…
Apartment supply highest since the 1970s
Today, the Federal Reserve decided to pause interest rate hikes, according to CNBC. Further, Fed Chairman Jerome Powell noted that there may be fewer rate cuts projected in 2024 due…
Average equity loss of $8,300 in Q2 2023
According to a new Redfin survey, 1 in 5 millennials say they will never own a home. About half of millennials and Gen Zers who believe they will never own…
Reports – Home price growth to reaccelerate in 2024
Filip De Mott of Markets Insider reports on a Goldman Sachs estimate that shows vacant office space will increase by 267M square feet over the next decade, and the largest…
New construction sales are booming in 2023
On Friday, Federal Reserve Chair Powell warned in comments in Jackson Hole, Wyoming, that the central banks were “prepared to raise rates further,” according to CNN. That said, the stock…
Home sale volume hits record low mid-2023
Mortgage rates have exceeded the 7% point for the 30-year fixed-rate average to their highest levels in at least 21 years. Now, according to Logan Mohtashami of Housing Wire, they…
