11/21 房市每日焦点

  • Fannie Mae latest forecast US housing will tip the US economy into a recession in early 2023, nationwide median home price to fall by 1.5%
  • Wells Fargo loan volume ranked by 90% from 2021 , 18000 employees are bracing for layoff
  • Per Rocket Mortgage, only 133k American family can benefit and save money by refi at 7% rate, vs 19M families in 2020. mortgage banks consolidation wave has started
  • Small business consulting Alignable survey showed 37% of small businesses unable to pay rent in Sept, and rent delinquency rate for restaurants spiked up to 49% in Oct 近一半餐馆拖延租金
  • Juul is selling its vacant SF HQ office tower for $174M, < 40% of $450M it paid for in 2019 它能不能卖出那个价格感觉都捏一把汗啊!
  • Multifam sales collapsed 17% in Q3 per MSCI, as cost of leveraging kept going up
  • Blackstone global RE head McCarthy urged investors to go back to fundamentals during tough time, just like equity/stock market, those with abilities to raise income/generating positive cash flow, will be the strongest one to survive! Cashes increase its value during crisis
  • Zillow ZORI index which is a forwarded looking housing index leading by 12 months, has been decelerating since 3/2022, and will lead to decline in rent inflation in CPI calculation by early 2023. 我个人建议联储局数据时,需要尽量用前瞻性数据而不是着倒后镜lagging data在开车

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