🚨 $23B Asset Dump Underway
Smart money circles as $23B in assets hit the block
The housing market is hitting a wall as mortgage rates hover around 7%.
Buyers are running for the exits, leaving sellers stranded with inventory they can't move.
From California's luxury markets to ghost towns in Vermont, properties sit vacant for months while desperate owners slash prices.
Commercial Real Estate’s Quiet Winner: Mobile Home Parks
Mobile Home Parks are the only asset type we know of with decreasing supply and increasing demand every year.
The affordable housing crisis is real, and mobile home parks are best equipped to address it.
The vast majority of these assets are still owned by mom-and-pop owners who don’t have the desire, knowledge, or resources to upgrade operations, optimize income, and maximize investor value.
Download Wellings Capital’s Free Mobile Home Park eBook to see how the asset class has performed
Apartment landlords are getting crushed too - vacancies just hit decade highs, forcing rent cuts and concessions to fill empty units.
The commercial side is even messier, with $23 billion in CMBS loans blown past maturity and stuck in awkward workout negotiations.
In this edition of the AltReports:
🏢 $23B in CMBS debt blows past maturity
🏠 Apartment vacancies soar to decade highs
📈 Housing inventory hits year-to-date peaks
👻 Ghost markets expose double-digit vacancy rates
🌴 California listings pile up with record breaking days-on-market
Video of the Week: Price Drops GONE WILD - Florida's Housing Update
Chart of the Week: Top Metros For Multifamily Permits
Podcast of the Week: How She Turned a Bankrupt Senior Home Into a $2.2M Asset in 90 Days
Maturity Maze: $23B in CMBS Debt Hits a Wall
Over $23 billion of CMBS loans blew past their maturity dates and are now stuck in an awkward extension limbo.
Servicers are slapping on deadline tweaks and special workouts, turning the pipeline into a slow-motion traffic jam of distressed debt.
💡 Investor Takeaway: Start digging into extended CMBS pools now
Apartment Rents Tumble as Vacancies Hit a Decade High
Apartment rents tumbled in July as vacancies climbed to their highest level since 2010, crushing landlord cash flows.
Landlords are slashing asking rents and stacking on concessions just to lure tenants back into empty units.
💡 Investor Takeaway: Zero in on markets with the biggest rent drops
Housing Glut Grows While Mortgage Rate Relief Falls Flat
Housing’s stalled as active listings hit year‐to‐date highs and buyers choke on 7% mortgage rates, sending prices into reverse.
A slight dip in rates barely budges demand, so inventory keeps piling up and price cuts are the new normal.
💡 Investor Takeaway: Check tertiary markets for steeply discounted listings
America’s Highest Home Vacancies
States like Vermont, West Virginia and Mississippi are hemorrhaging residents and sitting on double-digit home vacancy rates as local economies flop.
That flood of empty properties is collapsing prices and ratcheting up distress for lenders and sellers alike.
💡 Investor Takeaway: Target high-vacancy markets where prices are tanking
California Home Market Freezes as Listings Pile Up
California listings are ballooning and days on market just soared to their highest in years as buyers bail.
Sellers are hitting the panic button, pulling listings or slashing prices to drum up interest.
💡 Investor Takeaway: Zero in on newly delisted properties