It looks like some homeowners treated their mortgage bills like an afterthought during the holiday rush, causing delinquencies to shoot up by 8% in November.
But it’s not just holiday overspending messing with mortgage payments.
Mother Nature also stepped in sending mortgage delinquencies to a three-year high.
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On the CRE side, a self-storage company just scored a sweet deal in Chelsea, turning an office building into a giant, profitable junk drawer.
We’re also seeing the housing market finally cough up more listings for 2024, though regulations and a shortage of skilled workers might make it tough for builders to keep up.
And on the big stage, the U.S. national debt is drawing a crowd of eager buyers— proving that T-bills are still the hottest ticket in finance.
In this edition of the AltReports:
😠 Tardy Tenants
🌪️ Disaster Delinquencies
📦Storage Surge
📊 Market Momentum
🚧 Regulation Roadblocks
Video of the Week: 2009 Levels of Housing Inventory in Areas of SW Florida!
Chart of the Week: Top Economic Concerns for CRE Executives
Podcast of the Week: Why Canada's Real Estate Is In Big Trouble
Mortgage Delinquencies Jumped 8 Percent in November
Homeowners apparently rerouted their mortgage budgets to holiday shopping sprees, leaving lenders wondering if they accidentally opened a gift registry.
Delinquencies jumped by 8%, turning mortgage payments into an afterthought for some.
For investors, this is like spotting a sale sign on the clearance rack.
Natural Disasters Push Mortgage Delinquencies to Three-Year High
Mother Nature threw hurricanes and wildfires at unsuspecting homeowners, who now have bigger worries than just a leaky roof.
Delinquencies are rocketing, as people scramble to cope with moldy walls, charred foundations, and a decidedly angry insurance adjuster.
If you’re a lender, it’s your cue to break out those forbearance plans—and maybe some sage to appease the weather gods.
Self-Storage Investor Buying Deeply Discounted Chelsea Office Building
Apparently, cramming an entire city’s worth of old sofas and forgotten holiday décor into a single building is big business.
Prime Group Holdings scored a sweet deal on a Chelsea property, transforming pricey Manhattan real estate into a glorified storage closet.
It’s like the city’s giant junk drawer—but profitable.
Rising Inventory is the Most Positive Housing Market Story in 2024
After years of a property drought, the market is finally coughing up extra listings like a cat hacking up furballs.
Buyers may actually get to choose a home without performing a gladiator match of bidding wars.
Sellers should brace for a reality check—competition means fewer chances to slap on absurd price tags.
The Homebuilders' 2025 Supply and Demand Problem
Homebuilders are freaking out because they can’t pump out houses fast enough, weighed down by a desert of skilled workers and regulations thicker than a phone book.
Meanwhile, future homeowners are twiddling their thumbs, waiting for some hammer-wielding miracle to appear.
If builders don’t figure this out soon, we’ll all be fighting over the last overpriced condo on the market.