Author: Kurt Burton

Post the pandemic standstill, eviction applications by landlords have skyrocketed, fueled by increasing rents and a sustained deficit of affordable housing. Low-income tenants, now bereft of pandemic aid that kept them housed, are struggling to recover as they are unable to secure stable employment or their income has failed to match the escalating expenses of rent, food, and other essentials.

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Despite millennials having reached their prime home-buying years, they are being sidelined by their more affluent parents who are preventing them from purchasing their first homes. The proportion of millennial homebuyers exceeded that of boomers between 2014 and last year. However, the boomer generation has recently reestablished itself as the leading home-buying demographic in the U.S.

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In a world where the intersection between politics and real estate rarely gains any notable attention, the long-standing friendship between Supreme Court Justice Clarence Thomas and Harlan Crow, a Dallas-based real estate titan, has recently come under scrutiny. As allegations of undisclosed rides aboard private jets and unwarranted luxury trips surface, how will this seemingly convoluted relationship hold up under the weight of its own controversy? In light of these recent events, it’s prudent to analyze the significance of this alliance and how it might impact both the world of politics and the real estate industry just the same. https://www.youtube.com/watch?v=iB4Bv4GV0_k…

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Commercial real estate (CRE) sectors have encountered a series of challenges, with a considerable number of CMBS maturities coming due. Commercial Mortgage-Backed Securities (CMBS) loans are set to mature amidst rising interest rates and a potential market-wide credit crunch. This wave of CMBS maturities may result in foreclosures, losses, and subsequent litigation. A Wall of CMBS Maturities More than half of the outstanding commercial mortgages are due for refinancing in the next two years. In the office property type, $190 billion of the $750 billion outstanding balance of office loans are set to mature in 2023. Concurrently, the CMBS market…

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The COVID-19 pandemic has been a game changer in many aspects of the economy, including the commercial real estate market. With remote working becoming the norm, office space is witnessing record vacancies and plummeting rents. This is posing a major challenge to regional banks, as the commercial real estate market is no longer a safe haven for investments. However, there is more to the interplay between commercial real estate and regional banking than meets the eye. According to recent data from Nareit, the United States is projected to have an estimated $20.7 trillion in commercial real estate by 2024. The…

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