California, New Jersey, and Illinois are teetering on the edge of housing market declines.
As these states grapple with instability, the distresed asset investors find a fertile ground ripe for turning market vulnerabilities into golden chances for growth.
Meanwhile, the commercial real estate sector is still feeling the aftershocks from Silicon Valley Bank's spectacular crash a year ago.
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Bankers, haunted by the ghost of bad loans past, are navigating the CRE landscape with extreme caution.
This fear to jump back into the fray has left the market in a state of suspended animation.
But that’s not all that’s going on in the market this week.
From suburban Boston, where office spaces are being traded in for residential apartments, to the latest trend of transforming houses into restaurants, the housing landscape is brimming with change.
In this edition of the AltReports:
📉 Decline Details
🎲 Risky Returns
🚧 Development Drama
🍽️ Bistro Bungalows
😹 Feline Fiasco
Video of the Week: The Housing Market is in Big Trouble!
Chart of the Week: Largest Monthly Increase in Multifamily Distress
Podcast of the Week: How to Maximize Your Rental Property Returns
California, New Jersey and Illinois Still Facing Higher Risk of Housing Market Decline
ATTOM's Q4 Housing Impact Report is a goldmine for those looking to invest in distressed assets.
It highlights California, New Jersey, and Illinois as the main battlegrounds with shaky housing markets.
In essence, it's a must-read if you're interested in turning market vulnerabilities into opportunities.
A year since Silicon Valley Bank's epic nosedive, and bankers are still tiptoeing around commercial real estate like it's hot lava.
Big surprise — they're freaked out by the memory of the last run of bad loans.
It's all caution tape and nervous glances as they hand out loans with the enthusiasm of a sloth on a lazy Sunday.
Suburban Boston Office Sells For Less Than One-Fifth Of Its 2018 Price
FoxRock's waving the white flag on brick-and-beams.
No more hip, airy workspaces for the laptop-loving crowd. Instead, these real estate wizards are gonna whip up some swanky apartments.
Who needs offices when everyone's still in their PJs pretending to work from home?