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Amid Market Plunge, Realtors Forecast Rising Prices, Sales In 2024 - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Amid Market Plunge, Realtors Forecast Rising Prices, Sales In 2024

However, even with a 23% jump in sales, next year's market still will be lackluster, figures show. California’s housing market is expected to rebound next year from the disastrous sales dr...

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California Homebuying Pace Plunges 32% To A Record Low - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

California Homebuying Pace Plunges 32% To A Record Low

This breaks the previous low set in the middle of the Great Recession in April 2008. Soaring mortgage rates have iced California homebuying to a record low. Look at what my trusty spreadsheet found ...

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Has 2023 Really Been That Bad for CRE? - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Has 2023 Really Been That Bad for CRE?

Maybe the problem is that conditions are returning to an old mean. When looking at trends in any market, there is often folly in focusing on immediate changes in data. Up-and-down data movement over ...

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Dry Powder Circles Multifamily Deals - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Dry Powder Circles Multifamily Deals

Investors sense opportunity as the asset class struggles. In a testament to how brutal the year has been, only two multifamily markets have produced positive total returns in the last 12 months, acco...

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Multifamily Loans Loom Large in Regional Bank Risk - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Multifamily Loans Loom Large in Regional Bank Risk

Fasten your seat belts, RXR chief warns, we’re landing in a perfect storm. RXR CEO Scott Rechler delivered a sobering message during a keynote presentation at CREtech New York on Tuesday that...

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There is $436B of Multifamily Debt That is Potentially Troubled - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

There is $436B of Multifamily Debt That is Potentially Troubled

“Most loans will be able to absorb higher interest costs; many will not.” The repercussions of the Fed’s early efforts to stave off the economic disaster caused by Covid through mea...

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CRE Loan Extensions Rise Amid Uncertainty and Higher Rates - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

CRE Loan Extensions Rise Amid Uncertainty and Higher Rates

Year to date, about $5.65 billion in commercial real estate loans have been modified with an extension, according to Trepp. Although the term increase varies from loan to loan, the largest share ...

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Report: Multifamily Investments and Loan Originations Decline; Expenses Increase - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Report: Multifamily Investments and Loan Originations Decline; Expenses Increase

In the face of increasing home prices and record-level interest rates, more people are turning to apartment rentals. Deliveries and absorption are on the upswing (with rent growth a mixed bag). Howeve...

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60,000 Home Purchase Agreements In August Were Canceled - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

60,000 Home Purchase Agreements In August Were Canceled

There is a surplus of second thoughts and cold feet in the housing market: Nearly 60,000 home purchase agreements were canceled in August, which is equal to 15.7% of homes that went under contract tha...

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Green Street: “Broader Macro Conditions” Weigh on CRE Investment Sales - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Green Street: “Broader Macro Conditions” Weigh on CRE Investment Sales

Second-quarter commercial real estate sales transaction volume was down about 50% from the comparable period last year, but flat sequentially, Green Street reported. Year-to-date transaction volumes a...

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