Shades of 2008, not just the Commercial RE market is having problems, the housing market isn't doing so great either. Not as bad as the sudden collapse of the sub-prime mortgage market of LIAR and NINJA loans that hit at the end of 2007 and brought down Lehman, but a steady increase in foreclosures as affordability drops and interest rates stay high. So far,the numbers say we're not in a recession, the question is if that will hold up through the 3rd quarter and the POTUS election? It still boggles my mind that voters will have to choose between two octogenarian imbeciles so corrupt they make Latin American dictators look honest, and at least some of them will show up at the polls to vote. Very sad.
https://www.foxbusiness.com/economy/home-foreclosures-are-soaring-nationwide-rising-fastest-these-states
Home foreclosures are soaring nationwide – and rising fastest in these 5 states
RE
Home foreclosures are soaring nationwide – and rising fastest in these 5 states
Started by RE Mar 17, 2024, 01:32 AM
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