January 8, 2024 | $117 billion in commercial mortgages for office spaces mature in 2024 amid falling values as a result from work-from-home activities.
Why It Matters: It’s not at crisis-level, but it’s sufficient to disrupt. All eyes will be how this is handled and refinanced.
Source: dailychartbook, Financial Times
...January 1, 2024 | Rates Take A Toll On Real Estate Too
Pending home sales plummeted to the lowest since tracking began.
Why It Matters: The housing market’s slowdown underscores the impact of higher interest rates. It’s critical to watch if a recent dip in mortgage rates can reignite home sales.
Source: Source Financial Advisor
...November 20, 2023 | Commercial real estate and the forgotten office building are under pressure as loan delinquencies increase.
Why It Matters: There’s a consensus this is a troubled area post-Covid, and rising interest rates compound these problems, need to keep an eye on it.
Source: Torsten Slok
...September 23, 2022 | We have previously highlighted the slowdown in the US housing market. This week though the number of multi-family home starts surprised to the upside. Housing construction is a great forward indicator of economic activity & a welcome sign. Source: @thedailyshot
...August 19, 2022 | The amount of existing US homes being sold missed the mark this week, down 22% vs. last year. The real estate market is similar to the Titanic: it’s slow to move but once it starts, it won’t stop… And the Titanic is turning… Source: thedailyshot
...July 29, 2022 | Yet another sign of the housing market slowing: Boise, one of America’s Hottest “Zoomtowns” is seeing its housing market stop. “61% of listings had a price cut in June.” – WSJ. Changes like these reinforce the notion the housing market has already flipped.
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