Sounds like the good old days of 2008 are coming back again! :) This could be good for RE prices, since it will force the liquidation of a lot of bad mortgages and put a lot of properties up for auction. Mostly commercial, but some residential too. That's bad for the homeless situation, since it also probably means evictions. A falling market will also put more mortggages underwater, which might cause owners with non-recourse mortgages to send in the Jingle Mail.
Recession signs popping up all over the place now.
https://watcher.guru/news/billionaire-barry-sternlicht-expects-one-bank-failure-per-week
Billionaire Barry Sternlicht Expects One Bank Failure Per Week
RE
Billionaire Barry Sternlicht Expects One Bank Failure Per Week
Started by RE May 12, 2024, 06:22 AM
Message path : / Society / The American economy / Real Estate REgurgitations #24
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