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Apartment Rents Drop in Seven of 11 Major California Cities - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Apartment Rents Drop in Seven of 11 Major California Cities

Even as apartments nationally continue to rise, with the national rent index for one and two-bedroom units increasing by 1.2% in May, California’s largest cities are moving in the opposite direc...

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CRE Loan Distress Hits Third Consecutive Record - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

CRE Loan Distress Hits Third Consecutive Record

It's another bit of bad news when considering if an expected wave of CRE problems is an overhyped myth or a realistic prediction. Distress hit a new record for the third consecutive month according...

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Maturing Apartment Loans Could Overtake Office for Troubled Debt - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Maturing Apartment Loans Could Overtake Office for Troubled Debt

An estimated $332 billion in potentially troubled commercial real estate debt is scheduled to mature this year, approximately one-quarter of a total of $1.3 trillion potentially troubled debt coming d...

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Only One Rate Cut This Year. And That's at Best - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Only One Rate Cut This Year. And That's at Best

It's still possible that there could be no cuts. It wasn't a triple witching hour, with three sets of bad news hitting the same day. However, between a better-than-expected inflation read on one ha...

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A New Worry: Consumer Spending Slowdown - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

A New Worry: Consumer Spending Slowdown

Consumer spending represents between 68% and 69% of GDP; a slowdown would have big implications. As corporate profits have risen, inflation softened, and speculation about when the Federal Reserve ...

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CRE Loan Delinquencies Growth Is Slowing - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

CRE Loan Delinquencies Growth Is Slowing

It's a bad news/good news situation. So much in CRE and economics is a bad news/good news situation. April special servicing figures took their biggest jump in four years. That's the bad ...

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Fed Raises Specter of Rate Hike Again - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Fed Raises Specter of Rate Hike Again

Fed president Neel Kashkari just said it and the possibility was also raised in the recent FOMC minutes. Federal Reserve officials can't seem to stop hinting that  instead of lowering interest...

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‘Worst’ Yet To Come For Commercial Real Estate: Conference Board - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

‘Worst’ Yet To Come For Commercial Real Estate: Conference Board

Many banks have pursued a policy of “extend and pretend” to avoid writing off troubled commercial real estate loans, according to a Conference Board economist. U.S. commercial real esta...

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Inflation: Better News Ahead? - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Inflation: Better News Ahead?

Over the past several months, inflation news has been frustrating for those hoping for (praying for?) cuts in the Effective Federal Fund Rate (EFFR). However, a Marcus & Millichap brief ...

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Multifamily Transactions Hit Their Lowest Level Since the Pandemic - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Multifamily Transactions Hit Their Lowest Level Since the Pandemic

Interest rates and economic uncertainty have depressed the level of investment in the asset class. Whether you tally by total dollar volume or number of physical properties, investment in multifami...

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