🔥Retail Meltdown: 70% More Closures
Retail shutdowns are skyrocketing—don't miss out
A large chunk of office CMBS loans is still left unresolved, leaving servicers to pick up the pieces.
These bad deals are adding to the mess, causing some major financial headaches that are splattering across the market.
Meanwhile, the retail sector is facing its own storm with store closures skyrocketing by almost 70% this year.
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Iconic mall chains like Bed Bath & Beyond and Rite Aid are dropping like flies, leaving shoppers with fewer options and empty spaces.
As the retail apocalypse continues to unfold, the question becomes: who will fill these now-vacant spots?
On the other hand, home buyers are feeling the burn too. Jerome Powell’s recent remarks about rate hikes have sent mortgage rates skyward.
With rates hovering around 6-7%, both buyers and sellers are adjusting to the new normal, and the housing market’s rollercoaster ride doesn’t seem to be slowing down anytime soon.
In this edition of the AltReports:
🤡 Fading Fraud
🚪 Store Shutdowns
🔥 Rate Rockets
🔨 Bubble Burst
💰 Realistic Rates
Video of the Week: Warren Buffett says a REAL ESTATE STORM is COMING
Chart of the Week: 30% Year-Over-Year Increase in Distressed Exchanges
Podcast of the Week: The Real Estate Debt Crisis Is EXPLODING
The Days Of Extend-And-Pretend Strategies Are Waning, But Not Quite Over
Extend-and-pretend is on life support, but it’s still wheezing along.
Only 11% of a whopping $755M in office CMBS loans actually got paid off last month, leaving half of them begging special servicers for mercy.
Bad deals and even worse losses are splattering the market like an overripe tomato.
Retail Closures Up Almost 70% This Year As Thousands Of Stores Prepare To Go Dark
This year’s retail apocalypse is about as subtle as a wrecking ball, with closures jumping nearly 70%.
Mall staples like Bed Bath & Beyond and Rite Aid are dropping faster than your New Year’s resolutions.
If you thought window shopping was boring before, just wait until the only thing left is tumbleweeds.
Powell's Remarks Shoot Mortgage Rates Higher
Jerome Powell opened his mouth, and mortgage rates blasted off like a janky rocket launch.
Markets panicked over his vow to keep jacking up rates, making home loans pricier than a front-row seat at the Super Bowl.
Now buyers are left crossing their fingers and clutching their wallets.
Housing Bubble & Bust #1 and #2 as Seen through Employment in Mortgage Lending
Mortgage jobs soared like a sugar-fueled toddler during housing booms, then disappeared like free donuts in the office when the bubble popped.
Wolf Street shows it’s the same old story: big party, bigger hangover.
If you’re in mortgage lending, keep your résumé polished—this roller coaster never ends.
Sellers, Buyers, and Brokers Getting Used to the “New Normal” 6-7% Mortgages?
Say hello to “normal” 6-7% mortgage rates—sorry if you got used to the fairy-tale freebies.
Sellers are tossing in perks to reel in buyers, but don’t expect a parade.
Everyone’s just coming back down to earth, and yes, reality bites.