The Wealth Split Is Now the Housing Split

The Wealth Split Is Now the Housing Split

Two data points crossed my desk this week, and together they explain more about the housing market than any mortgage rate headline.The first: CRE Daily, summarizing a GlobeSt report on new Federal Reserve data, reported that median net worth for households under 35...
The Deal Freeze Is a Price Argument Wearing a Rate Costume

The Deal Freeze Is a Price Argument Wearing a Rate Costume

CBRE just said out loud what most of us feel in our inboxes. CRE Daily reported on October 23 that CBRE chief executive Bob Sulentic expects rate volatility to keep a lot of investors on the sidelines, potentially until the second half of 2027. Deals are being...
Multifamily Distress Is Not Everywhere. It Is in One Bucket.

Multifamily Distress Is Not Everywhere. It Is in One Bucket.

The loudest version of the apartment story right now is that multifamily credit is cracking. The data says something more specific, and a lot more useful for anyone who actually has to underwrite a building.CRE Daily reported this week on Trepp’s August figures for...
Half the Bad Apartment Debt Sits in 12 Percent of the Loans

Half the Bad Apartment Debt Sits in 12 Percent of the Loans

Multifamily distress has a location problem, and it is not the one most people assume. CRE Daily reported this week on Trepp’s August data for securitized apartment debt, and the headline is striking: private-label CMBS now carries about half of all delinquent...