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Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
Stabilization is coming, but will it will arrive in time for the metros that need it?
Twenty-something professionals are taking over the renter's market.
Larger forms of excess will pose different problems for metros.
Of 2024 grads, two-thirds settled in the 21 largest talent hubs.
Pending sales of starter homes climbed 10.2% year-over-year in July.
"It's almost as if we've navigated an entire real estate cycle in just a few years."
The reason is simple: Too much current and future need and not enough supply.
I expect the federal funds rate to drop 1.0%-1.5% this year and 1.5%-2.0% in 2025.
Most of the properties are in the Sunbelt.
Hospitality was the asset class most impacted by distress activity at 7.2% of total sales.