Please wait while the page loads...

Blogs

Pages Blogs
Slight Uptick in Unemployment Could Spell Recession - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Slight Uptick in Unemployment Could Spell Recession

A lot will be riding on the July unemployment rate that comes out Aug. 2. There is a very fine line between a soft landing and a hard landing when it comes to the economy, and the difference may co...

Read More
Economists Say Chance of a Recession Has Dropped Significantly - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Economists Say Chance of a Recession Has Dropped Significantly

But multiple economic factors provided conflicting news of health. A survey of members by the National Association of Business Economics suggests that the chance of a recession in the next 12 month...

Read More
Multifamily Distress Could Head for 'Real Estate Armageddon' - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Multifamily Distress Could Head for 'Real Estate Armageddon'

The problem is values are down and now rents are starting to decline to go flat. The Lynd Group has been expanding its footprint in distressed situations in multifamily despite the challenges ...

Read More
Why Biden's Rent Cap Proposal Isn't Going to Happen - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Why Biden's Rent Cap Proposal Isn't Going to Happen

Legislative processes and political realities suggest that national rent control won't work this year at least. President Biden was expected yesterday to propose a cap of 5% on annual rent inc...

Read More
Top Economic Officials See Rate Cuts Back on the Table - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Top Economic Officials See Rate Cuts Back on the Table

One reason Fed Chair Jerome Powell doesn't project when cuts might come is because sudden changes are too easy and common. Opinions by top economists — the ones with power to influence moneta...

Read More
Multifamily Distress Leaps 185% As Delinquencies Pile Up - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Multifamily Distress Leaps 185% As Delinquencies Pile Up

Distress rates in the CMBS market continued to climb in June, with the number of troubled multifamily loans nearly tripling since the start of the year.   Roughly 7.4% of mul...

Read More
Interest Rate Decisions Hinge on Lagging Inflation Estimates - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Interest Rate Decisions Hinge on Lagging Inflation Estimates

The Fed is setting interest rates based in part on old data. Inflation may not be as high as the government says it is thanks to latency built into the Bureau of Labor Statistics calculation of the...

Read More
Stability Starts to Emerge in Commercial Real Estate - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Stability Starts to Emerge in Commercial Real Estate

However, that doesn't mean conditions like interest rates are getting easier. The commercial real estate industry has been trying to sort out, and lobby for, where things are going. Goldman Sachs s...

Read More
Fed to Congress: Economy Improves, CRE Lending in More Trouble - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Fed to Congress: Economy Improves, CRE Lending in More Trouble

Plus, June FOMC minutes show more concern about CRE. Last week, the Federal Reserve had two opportunities to comment on the state of commercial real estate. In a regular report to Congress and minu...

Read More
Fed's Powell Confirms a Wait for Any Rate Cuts - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Fed's Powell Confirms a Wait for Any Rate Cuts

The central bank sees things getting back on track but wants to be 'more confident that inflation is moving sustainably down.' A macroeconomic research company — the innocent and guilty will ...

Read More