By Erik Sherman Anti-money laundering has become an ongoing topic for the Biden administration. The latest round of reports focuses in part on real estate. As a result, the Treasury Department has proposed new rules that would government CRE transactions. The report addressed real estate as part of a luxury and high-value goods category. “Money laundering through real estate can […]
By Erik Sherman When do you know that a CRE market in a slump has hit bottom? Here’s the answer you get from Steven Jason, managing principle of EOS Real Estate and Financial Advisory: “The simple answer is nobody knows, and you don’t know until you’re past it and can see it in hindsight,” he tells […]
By Jeanna Smialek Federal Reserve officials held interest rates at their highest level in more than two decades at their first meeting of 2024 and hinted that their next move will be to lower borrowing costs — even as policymakers made clear they are not yet ready to make that cut. Jerome H. Powell, the […]
By Nick Timiraos Federal Reserve officials start the year with a problem they would ordinarily love to have: Inflation has fallen much faster than expected. It does, nonetheless, pose a conundrum. The reason: If inflation has sustainably returned to the Fed’s 2% target, then real rates—nominal rates adjusted for inflation—have risen and might be restricting economic activity too […]
By Gabriel T. Rubin The recession never showed up in 2023. Consumers made sure of it. The U.S. economy grew 3.1% over the past year, the Commerce Department said Thursday. A resilient labor market supported strong consumer spending and brushed aside a feared downturn. A year ago economists saw a recession as very likely and projected anemic 0.2% growth for the year. […]
By Sam Goldfarb Wall Street is gearing up for rate cuts. Twenty months after the Federal Reserve began a historic campaign against inflation, investors now believe there is a much greater chance that the central bank will cut rates in just four months than raise them again in the foreseeable future. Interest-rate futures indicated Monday a 52% […]
By Konrad Putzier Foreclosures are surging in an opaque and risky corner of commercial real-estate finance, offering one of the starkest signs yet that turmoil in the property market is worsening. Lenders this year have issued a record number of foreclosure notices for high-risk property loans, according to a Wall Street Journal analysis. Many of these […]
By Justin Lahart Inflation has been cooling, and a big part of why is that rent increases have as well. That is also why inflation is likely to keep going lower in the months ahead. Tuesday’s inflation report from the Labor Department showed that overall consumer prices were up 3.2% from a year earlier in October, while […]
By Alice Atkins and Sujata Rao-Coverley The Federal Reserve will cut interest rates by 275 basis points next year, nearly four times more than what markets are pricing, strategists at UBS Investment Bank predict. A continued decline in inflation will enable the central bank to start easing policy as soon as March, with rates likely to be cut in the large increments […]
By Alexander Berger, Trevor Hoffmann and Rajinder Saini Amid soaring interest rates and the recent swell in commercial real estate loan workouts, borrowers and lenders alike are increasingly considering an alternative to the traditional and sometimes long and cumbersome foreclosure process: a deed in lieu of foreclosure (often referred to as just a deed in lieu). […]
