Strategist Says Sharp Correction in Real Estate - Decade to Recover Possible
The real estate market faces a sharp correction with losses that could take a decade to recover from, strategist says.
The real estate market faces a sharp correction with losses that could take a decade to recover from, strategist says.
The veteran strategist Chris Vermeulen warns that America’s real estate market could be heading for a significant correction.
Roughly one in 37 homes are now considered seriously underwater in the US and that share is much higher across a swath of southern states.
S&P Global downgraded five U.S. banks due to their (CRE) exposures, in a move likely to reignite investor concerns about the health of the sector.
Addressing housing affordability emerges as a pivotal strategy in enticing employees back to the office amidst escalating living costs.
Bank of America Corp.’s CEO Brian Moynihan said it’ll take time for the banking industry to work through issues with commercial real estate loans.
The housing market is showing signs of a recovery as the spring home-buying season gets underway.