One in six renters are now staying in their rental unit for 10 years or more.
Government retirement funds are selling property at a loss as the slump spreads.
Boston's economic stability is at risk due to its dependency on commercial real estate taxes.
US banks may have much higher CRE exposure than widely reported, due to overlooked REIT credit line lending.
Chicago is offering the most generous subsidies in the nation to convert them into apartments and hotels.
Commercial real estate investors became even less optimistic this quarter, in large part because optimism over declining rates has waned.
In Q1 2024, nearly 1,040 apartment properties were sold for $20.6 billion.
AAA bondholders of a well-known Manhattan office building faced devastating losses as Blackstone's fire sale led to a bond devaluation.
This marks two consecutive months with rent growth above 3.0%, signaling a steady recovery from an 18-month period of deceleration.
Nine out of the ten U.S. metros with the steepest rent declines are in the Sun Belt, with Seattle being the only exception.
Washington Federal Bank is selling billions in unpaid multifamily loans to Bank of America to reduce its CRE exposure.
The property fund teeters on the brink of running out of credit and cash by the end of the year.
