A hub for independent voices and hard truths
2/By sector, automobile production remains very strong, followed by electronics… two of the categories targeted by the new US imports tariff hikes. pic.twitter.com/vUmh3zk03r — Patrick Zweifel (@PkZweifel) May 17, 2024 4/Investment spending fell in April, but remains very solid over 3 months (>14% ann.), driven by the manufacturing sector, which …
Real estate is completely collapsing. There is no question. Don’t let anybody lie to you. This is South Padre Island, Texas. I lived there for more than a decade. I have never seen even 1/10 of this number of units available at once. 284 houses for sale at the same …
Real estate prices are still riding the up escalator in Jackson and Teton County, Wyoming, and there’s no sign they’ve reached the top floor despite exceeding $7 million for the average single-family home. Last year’s lull to close out 2023 had some buyers hoping they could wait out the Jackson market …
by confoundedinterest17 I said over and over again, Bidenomics will be a drag. Larger cracks are appearing in the US commercial real estate market at a time when uncertainty around the regional bank industry flashes red. The latest report from real estate data provider ATTOM shows CRE foreclosures topped 625 in March, …
The cracks in the economy are getting bigger. It’s only a matter of time before more banks fail. Article is below. The commercial real estate market is starting to buckle under the weight of higher interest rates and remote work. There were 625 commercial real estate foreclosures in March, up …
These numbers are so large & offices cost so much to maintain & lease up I have no idea if they will ever make $ no matter how much discount they get. It really is the worst asset class IMO, and I've held that opinion pre-pandemic. It's just a prestige …
‘People are going to start taking matters into their own hands’ Shawn Meaike, who went on to build fruitful business in waste management and life insurance after thriving in real estate, said that he began investing rental properties in his early 20s as a way to add additional income. He …
The precipitous decline in the value of a prominent Class A office tower, 750 Lexington in NYC, sends shockwaves through the commercial real estate sector, with Morningstar reporting an alarming 83% decrease in valuation since 2015. The transfer of a $130M loan tied to the building into special servicing due …
The Railway Exchange Building was the heart of downtown St. Louis for a century. Every day, locals crowded into the sprawling, ornate 21-story office building to go to work, shop at the department store that filled its lower floors or dine on the famous French onion soup at its restaurant. …
China's Real Estate Collapse At the heart of the decline in family wealth is China's real estate meltdown, which is having a pervasive effect on a society where 70% of family assets are tied up in property. Towards the end of last year, 34 of the top 50 Chinese property… …
As affordability falls to record lows, people are looking for alternatives. Even renting the average home now costs over $24,000/year. The housing market is truly in an unprecedented time right now. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) April 4, 2024
via wallstreetonparade Last August, the Journal of Finance published a study by two finance professors that should have made bold headlines in every major business newspaper in America. It didn’t – suggesting that Americans will eventually learn about Wall Street’s chicanery in commercial real estate the same way they learned about Wall Street’s …
Office Vacancy Rates expected to hit highest level in history during Q1 2024 pic.twitter.com/kU48krStdE — Win Smart, CFA (@WinfieldSmart) April 2, 2024 Rising Commercial Real Estate Delinquency Rates Delinquency rates for commercial real estate have risen during each of the past three recessionary periods, and they are currently on the …
2) Of course – prices are still high compared to pre-pandemic levels. With another 18% drop in builder sale prices needed to match the 2019 value level of $336,000 for a new house. Will we eventually get there? pic.twitter.com/xzUvh2Y7dk — Nick Gerli (@nickgerli1) March 25, 2024 5) As you can …
Real Estate Investors Turn to Lawyers After ‘Huge’ CO2 Shock @business #CMBS -Some investors may be unable to afford the renovations needed -Greener buildings, meanwhile, are fast gaining in value https://t.co/awZWoj91AJ — Daniel McNamara (@danjmcnamara) March 24, 2024 Real estate investors already battered by high interest rates now face the …
China's Real Estate Collapse At the heart of the decline in family wealth is China's real estate meltdown, which is having a pervasive effect on a society where 70% of family assets are tied up in property. Towards the end of last year, 34 of the top 50 Chinese property… …
Notably, commercial real estate delinquency rates have been on the rise, with a large contributor being office real estate. The RTO company mandates have not brought occupancy levels back to where they were previously: https://t.co/afY0mHeh88 — Reef Insights (@ReefInsights) March 19, 2024 Rising delinquency rates in commercial real estate present …
🚨 BREAKING: Federal Reserve Chair Jerome Powell‘s alarming statement from today: „THERE WILL BE BANK FAILURES!“ Seems like he knows exactly what will happen when BTFP ends on Monday March 11th! ⏰ The new era is called crypto and it’s waiting! #XRP pic.twitter.com/ERadTiMcML — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) March 7, 2024 ALERT: …
Federal Reserve Chair Jerome Powell said Thursday he expects to see some banks fail due to their exposure to the commercial real estate sector, which has declined significantly in value following the shift to remote work. Powell said the banks that are in trouble with falling office space and …
The Big Apple’s most expensive studio apartment, which sold for an astonishing $3.88 million in an all-cash deal in 2023, has since lingered on the market as a rental that nobody seems to want — even as its asking price plunges. The ambitious new owners asked a cool $38,000 a …
The commercial real estate market is facing a dire situation, with reports suggesting a staggering loss of 50-60% of its value. This alarming depreciation, however, may just be the tip of the iceberg. As the industry grapples with this significant downturn, questions arise about the potential impact on Wall Street …
March is bringing more than just the promise of spring; it’s also delivering a dose of economic tension as regional banks find themselves in a pressure cooker. High-interest rates coupled with challenges in the commercial real estate market have set the stage for a financial storm, and the expiration of …
No wonder MA real estate is hot, you get $48,000/yr for being unemployed https://t.co/2BKFS5pUcs — Darth Powell (@VladTheInflator) February 24, 2024
Like many Chinese people, Jacky hoped that he could make enough money investing in China’s stock markets to help pay for an apartment in a big city. But in 2015 he lost $30,000, and in 2021 he lost $80,000. After that, he shut down his trading account and started investing …
The troubles with CRE are by no means limited to the US. Real estate is the industry accounting for the largest amount by far of distressed bonds and loans globally, much of it from China which has been in a property downturn for more than three years. Distress has also …
Is the regional bank crisis ending or just starting? Recent developments, such as the sharp decline in New York Community Bancorp’s stock from commercial real estate losses, signal potential trouble. With $500 billion in debt maturing this year and falling property values, small banks are bracing for a crisis.
In a chilling turn of events, Germany’s Deutsche Pfandbriefbank AG has sounded the alarm, declaring the current state of affairs as the “greatest real estate crisis since the financial crisis.” The contagion that started in the troubled US commercial property market is now making waves in Europe, prompting concerns about …
by Michael Over the last several years we have seen commercial real estate values plummet dramatically all over the United States. One of the reasons why this is happening is because millions of Americans started working from home during the pandemic, and many of them never returned to the office …
