A hub for independent voices and hard truths
by TonyLiberty Lenders this year have issued a record number of mezzanine-loan foreclosure announcements —Foreclosure notices for high-risk property loans are a more immediate measure of commercial real-estate distress than mortgage foreclosure rates
I sense that the market is currently stagnant, and we’re on the edge, anticipating a series of negative events. Banks and other lenders are likely to grapple with extensive non-performing loan portfolios. It’s time to brace ourselves for what’s coming. Source: https://cre.moodysanalytics.com/insights/cre-news/ma-cre-office-loan-maturity-monitor-office-borrowers-still-struggling-for-takeouts-also-time-to-worry-about-multifamily/ https://www.youtube.com/watch?v=RP9HHlc30MU&t=118s h/t guardimus
I don’t see realty as a human job in 15 years It’s on the way out 1% Redfin feee seems legit — someone from Redfin takes the pics , lists it for you , people shop these homes like Amazon merchandise Or even do it yourself h/t TonyLiberty
by TonyLiberty The White House is giving $45 Billion to developers to convert empty office buildings into affordable housing. The program will provide low-cost loans, tax incentives, and technical assistance to developers who are willing to undertake these conversions. By increasing the supply of affordable housing, the program could help …
via schiffgold: Problems in the commercial real estate (CRE) sector continue to bubble under the surface. This is a major stress point for US banks and could precipitate the next phase of the financial crisis. A combination of high interest rates and declining tenancy is putting the squeeze on commercial …
Morgan Stanley’s stock takes a significant dive, while Bank of America sees a decline in deposits, albeit slower than JPMorgan Chase, amid increasing competition for deposits. The U.S. commercial property sector is experiencing its highest distress level in a decade, with significant debt and defaults among major players, hinting at …
by TonyLiberty Florida is now the 2nd most valuable Real Estate market. Florida cities also make up 4 of the 6 fastest-growing housing markets in the US, with Tampa, Miami, Jacksonville, and Orlando all seeing significant home price appreciation (with property values up 72% to 89% in those cities) The …
by TonyLiberty China’s population decline and Real Estate slump could lead to economic collapse per Geopolitical analyst Peter Zeihan. He believes that China’s collapse is imminent, with only 10 years remaining before potential disaster. He estimates that China’s actual population is lower by 100 million than what the government has …
From Peter Reagan at Birch Gold Group Have you ever watched a video of someone who takes a perfectly normal rose, flash-freezes it in liquid nitrogen and then hits it with a hammer? Here’s what happens: Back in 2007, the housing market froze up. The combination of a speculative bubble in …
via geofinancialnews: Declining credit quality metrics in Commercial real estate lending pushed several banks to reduce their exposures to the sector by offloading loans related to the asset class, particularly office loans, in the second quarter. US banks’ commercial real estate loan portfolios showed signs of increasing stress During the …
“Most of these buildings have mortgages with interest rates of less than 4%,” he said. “Now the Fed has raised rates to 5.5% terminal rate, which means these mortgages are going to be refinanced at 9% to 11%." Read more: https://t.co/yPg1zgXsR9 — unusual_whales (@unusual_whales) September 27, 2023 US housing affordability …
“Over 60,000 realtors have left the industry over the last 6 months, according to data from the National Association of Realtors” “Tens of thousands of real estate agents are giving up on the profession, thinning their pandemic-era ranks as the housing market comes back to earth. Why it matters: Realtors are …
RATINGS agency Moody’s on Thursday (Sep 21) revised its outlook on four Chinese real estate firms to “negative” from “stable”, as the country’s property sector reels from mounting debt. The agency’s action comes just a week after it revised the outlook on the country’s crisis-hit property sector to “negative”, citing …
by Michael Higher interest rates are absolutely strangling the real estate industry, and there is no relief in sight. The sudden shift from a very low interest rate environment to a much higher interest rate environment has paralyzed sales. As I have discussed previously, very few homeowners that are currently locked …
by Dismal-Jellyfish Source: https://www.fdic.gov/news/press-releases/2023/pr23071.html Today, the Federal Deposit Insurance Corporation (FDIC) announced the start of a marketing process for the approximately $33 billion Commercial Real Estate (CRE) loan portfolio retained in receivership following the failure of Signature Bank, New York, New York. The majority of the CRE loan portfolio being marketed …
At the same time, homebuyers are now putting FAR LESS down than the 2008 era. The average downpayment was 14% in 2020 and now 18%, well below the 22%+ seen in 2008. All while interest rates hit 30-year highs. Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/ApTjkIQuRp …
via energyandgold: In this month’s conversation with 321gold founder Bob Moriarty we discuss the negative investor sentiment in the junior mining and commodities sectors. Bob also believes that investor sentiment on the US stock market has reached frothy levels, and the broader stock market is set up for a crash as soon …
by Dismal-Jellyfish https://www.federalreserve.gov/releases/g20/current/g20.pdf In June 2023, the total outstanding amount owed was approximately $1,850.9 billion dollars–up 14.7% from May! In the first quarter, the interest rate for new car loans was 6.4% with a maturity of 66 months financing $39,066. For used cars, 15.7% with 66 months financing at $23,537. Wut …
via CNN: Hong Kong/London CNN — Country Garden warned Wednesday that it could default on its vast debts as it reported a loss of 51.5 billion yuan ($7 billion) for the first six months of the year. The company, which was China’s largest residential developer last year, said it had …
by Chris Black It’s not unheard of that someone gets off on murder charges in criminal court and is then somehow “convicted of murder” in civil court. This happened to OJ Simpson, most famously.… Continue reading by subscribing. Username Password Remember Me Forgot Password
Zelenskyy’s mother-in-law has just purchased a Luxury Villa in El Gouna, Egypt… The Villa was purchased for $4,850,000USD and is next door to the estate of Angelina Jolie… Now you know where the humanitarian aid funds are going. pic.twitter.com/2iH8XkxwYJ — Pelham (@Resist_05) August 25, 2023 VIVEK: UKRAINE IS NOT IN …
by Historical_Lie5701 TL;DR: China’s property developers move collaterals, take debts from banks, and issue off-shore bonds to acquire new lands and sell off-plan units, in order to pay off constructions on the older development. When new developments stop selling, everything goes burst, including those off-plan sold units which are under …
Why the next 40 years in real estate might not look like the last. 1. From at least the 1970 – 2008, the US ADDED a NET 2.5m/yr people to the working age population (incl immigration), now that number is 300-500k. 2. Since 1981, mortgage rates have fallen 15%. Keeping …
US set to unveil long-awaited crackdown on real estate money laundering https://t.co/Vsay98aguV pic.twitter.com/iVFzrljRYU — Reuters Politics (@ReutersPolitics) August 10, 2023 https://www.reuters.com/world/us/us-set-unveil-long-awaited-crackdown-real-estate-money-laundering-2023-08-10/?taid=64d4d859b029ae0001cf03d1&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter US Treasury to Slam Shut Loophole Enabling Anonymous Luxury-Home Purchases https://t.co/hv0GSYZK3f via @parallelfacts — Parallel Facts (@ParallelFacts) August 10, 2023
WeWork is in serious trouble, and it could be the canary in the coal mine for the US commercial real estate sector. What’s going on at WeWork? WeWork dropped a bomb in in its second-quarter earnings on Tuesday. “As a result of the company’s losses and projected cash needs, combined …
Moody’s cuts US banks due to rising funding costs and Rising risk tied to Commercial Real Estate (CRE) loans Moody’s Investors Service hs lowered credit ratings for 10 small and midsize US banks and said it may downgrade major lenders including U.S. Bancorp, Bank of New York Mellon Corp., State …
@Vin-pd7mh 5 hours ago Majority of buyers had no clue in 2007-2008 that they are buying at the top because of the FOMO. History is repeating it self.
Home foreclosures starting to explode Have you been looking around the housing market and thinking “There goes the neighborhood”? Well, you are not alone. In May of this year, ATTOM recorded a sharp uptick in foreclosure rates around the United States. Adding up notices of default, repossession by banks and …
New ApartmentList data dropped The United States hit the HIGHEST average vacancy rate since they started tracking data in 2017 with the following metros hitting 6+ year highs: pic.twitter.com/8xqVfGyKef — Darth Powell (@VladTheInflator) August 2, 2023 “Similar to 2007 levels” for real estate sales volume. https://t.co/fk6JHQPSfS — Don Johnson (@DonMiami3) …
by DAVID HAGGITH Each nation’s GDP is helping take the other nation’s GDP down, and the crash in commercial real-estate is being joined by residential real-estate. Even as the US economy came in looking surprisingly resilient with GDP growth at 2.4% last quarter, the other major economies of the world …