Deltek Architectural Billings Index – A Fascinating Uptick. Capital markets experts have been very focused on commercial real estate and a loan wall that is approaching in Q4 of 2023.Read More
Fed Funds, international central banking. On Wednesday of last week, the Federal Reserve made its highly anticipated pause in interest rate hikes following CPI Data that suggested that inflation continues to cool. The 4% print was in line with expectations and continues a downward trend that has been in place since June of 2022. Thankfully,...Read More
While Commercial Real Estate has been in the news a lot lately, the struggles that many had predicted hadn’t translated into a really meaningful change in delinquency….until this May. In May, commercial mortgage-backed securities (CMBS) delinquencies jumped by 122bp to 3.62%. This jump was obviously driven by office properties and retail. While multifamily and lodging...Read More
Worker migration. Workers move for a lot of different reasons. Some are looking for a better paying job, others are looking for more affordable housingRead More
It’s been a weird few years for young people. Millennials have seen the dotcom crash, the global financial crisis and Covid- 19, all at critical life stages. Read More
We’ll gladly get on board and criticize the Fed for any number of things. Money printing in the months following the initial shock of Covid, not raising rates after the Global Financial Crisis, chickening out late in 2018 during the “Taper Tantrum”…the list goes on. But to suggest that the ills of the banking system...Read More
2022 ended with a giant thud for rent growth. As can be seen in the charts below, vacancy rates were up and rent growth was negative by more than it has been in a long time. As 2023 began, the picture appeared slightly rosier for the asset class. Vacancy rates continue to head higher, but...Read More
