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Commercial Foreclosures Up 117% Year Over Year - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Commercial Foreclosures Up 117% Year Over Year

ATTOM's March report also shows a 6% increase from last month. The number of commercial foreclosures in the U.S. has steadily increased, from a low of 141 in May 2020 to 625 in March 2024, according ...

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The Fed Backpedals the Rate Cut Happy Talk - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

The Fed Backpedals the Rate Cut Happy Talk

Recent economic developments have clashed with the idea of unstopped success in taming inflation and, as a result, lower interest rates. Just weeks ago, the Federal Reserve sounded more upbeat than...

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Higher For Longer Is Official Now - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Higher For Longer Is Official Now

“The recent data have clearly not given us greater confidence." The good news is that the Fed is apparently not considering raising rates as some have feared. The bad news is that it is in no h...

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Half of US Residents Struggle to Pay Monthly Housing Bill - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Half of US Residents Struggle to Pay Monthly Housing Bill

Housing has become so financially burdensome that some families can no longer afford other essentials What does it take to keep a roof over your head right now? For half of America’s homeowners...

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Some Experts Float the Possibility That the Fed Could Raise Rates Again - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Some Experts Float the Possibility That the Fed Could Raise Rates Again

“You have to take seriously the possibility that the next rate move will be upwards rather than downwards.” Yesterday’s Consumer Price Index numbers were higher than expected, ...

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Wall Street Braces For Commercial Real Estate Time Bomb - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Wall Street Braces For Commercial Real Estate Time Bomb

Remarks last week by Federal Reserve Chair Jerome Powell about a spate of coming bank failures related to the faltering commercial real estate sector have sent shockwaves through the financi...

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Elevated Interest Rates Pose Long-Term Risk to Apartments - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Elevated Interest Rates Pose Long-Term Risk to Apartments

Landlords are facing many challenges that include variable rates, financing and maturing debt. A prolonged period of elevated interest rates –– compounded by rising operational costs &nda...

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Just How Big is the Wall of Maturities? - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Just How Big is the Wall of Maturities?

But trying to tease out exactly what is due when, and to whom, is confusing. According to Newmark, there is now a $2 trillion maturity wall of CRE loans facing banks over the next three years. A dizz...

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California Has the Highest Unemployment Rate in the Continental US - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

California Has the Highest Unemployment Rate in the Continental US

A big slowdown in job growth raises the question of what might start happening in other states. California has a massive jobs engine that drives its economy. Whether in tech, agriculture, entertainme...

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Interest Rate Drops Will Not Solve CRE Problems - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Interest Rate Drops Will Not Solve CRE Problems

Slight rate drops are coming. But that may not necessarily lower mortgage rates. Investors in commercial real estate and multifamily housing should be less concerned about the Federal Funds rate and ...

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