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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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Interest Rate Cuts? Not So Fast - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Interest Rate Cuts? Not So Fast

At the end of 2023, inflation was on a decided downward trend. Headlines proclaimed that the Federal Reserve was signaling at least three cuts in the Effective Federal Funds Rate during 2024. The mark...

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With Debt Harder To Get, CRE Finance Is Facing A 'New Reality' - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

With Debt Harder To Get, CRE Finance Is Facing A 'New Reality'

Commercial real estate lenders have responded to increased risk and higher costs of capital in the market by clamping down on the amount of debt they offer to borrowers, dropping loan-to-value ratios ...

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Delinquent Multifamily Loans Are Becoming a Problem For Banks - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Delinquent Multifamily Loans Are Becoming a Problem For Banks

Past due multifamily loans have risen 81.3% year over year. Banks are starting to feel the effects of distress in the multifamily sector with the volume of multifamily loans that were at least 30 day...

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