The Federal Reserve has indicated a good chance of three quarter-point drops by year’s end. But markets have taken a bit of good news and stretched it out beyond what might be realistic. That could be bad news in the end.
If everything beyond the value of the property is on the line, to what degree will the asset class be considered more trouble than it’s worth? Lenders are finding that trusting markets and their ability to take back property may no longer be wise.
Lawrence Yun, NAR’s Chief Economist, recently presented an overview of U.S. commercial real estate as part of the 2023 REALTORS Legislative Meetings. He projected that the performance of CRE markets will vary across the country but those with strong job gains will naturally hold on much better, CLICK ON THE HEADLINE FOR MORE