There’s a lot of uncertainty surrounding commercial real estate, with all eyes on the office space. From research notes published by the big banks to academic papers, it’s not looking too good for the sector that has been plagued by remote work. But is the office the next shoe to drop in an already turbulent
Nearly $1.5 trillion in commercial mortgages are coming due over the next three years, according to data provider Trepp. Many of the commercial landlords on the hook for the loans are vulnerable to default in part because of the way their loans are structured. Unlike most home loans, which get paid down each year, many
Apartment rent growth is declining fast, shifting the rental market to the tenant’s favor for the first time in years. The average of six national rental-price measures from rental-listing and property data companies shows new-lease asking rents rose just under 2% over the 12 months ending in May. That is down from the double-digit increases
A sharp downturn in commercial real estate performance could have a big impact on the banking sector, but not big enough to destabilize the financial system, according to analysis from one of the top real estate economists in the country. More than 300 banks have enough commercial real estate loans on their books to see
Ubiquitous and unremarkable, self-storage solves a deeply American problem: what to do with too much stuff. A bunch of empty rooms near a highway is not the sexiest part of a property portfolio. Yet few property assets have matched their performance lately.. One reason is more people moving house. (Ron Havner, former boss of Public
For-sale housing supply saw its biggest drop in over a year, with inventory now almost 40% below levels seen in mid-2018, according to new data from Redfin. The total number of home listings tumbled 6.3% year-over-year for the four-week period ending June 11, the largest decrease in 13 months, the online real estate brokerage said.
Retail and wholesale originations of one- to four-family mortgages dropped sequentially in the first quarter, while home prices increased at a slower rate. The Federal Housing Finance Agency House Price Index growth slowed to 4.3% year over year. Retail originations fell 64.9% and wholesale originations dropped 60.5% year over year, according to an S&P Global
I have been fascinated with arbitrage opportunities for decades. In cases where the same asset is traded in multiple markets or very similar assets are traded in the same market, opportunities can arise to earn profits at relatively low risk, at least in theory. As computer algorithms get more sophisticated, it is logical to think
More bank insiders are buying shares in their own companies, a vote of confidence in the industry after a crisis sparked by the collapse of four regional lenders earlier this year. The number of buyers has already jumped to 778 in the second quarter through May 26 from 524 in the first three months of
We are short shares of Carvana Co. (CVNA), a $4bn market cap online platform for buying and selling used cars. Originally hyped up as an innovative disruptor, Carvana is now recognized to be just a poorly run auto retailer struggling under the challenges of a severe industry downturn and the unsustainable burden of $6.5bn in