Navigating Mortgage Rates: Impact on Homebuilders and Market Dynamics

In this week's episode of The TreppWire Podcast, we cover the recent mixed bag of GDP, consumer spending, and homes sales data. We also discuss the hot topics of the week, including the Fed staff report on “extend-and-pretend” and the LA Market with Dodgers winning the World Series. We wrap up the episode with more office loans being transferred to special servicing, but end on some positive credit stories. Tune in now.

Episode Notes:

- Economic Update (0:51)

- Average Home Mortgage Rate (5:08)

- Look into the LA Market (9:09)

- "Extend-and-Pretend" Fed staff Report (11:50)

- Brookfield Bank of America Plaza Loan (19:20)

- Value of Office Property Slashed by 70% (22:17)

- NY-based REIT Acquiring Retail Space (28:37)

- Lodging Credit Stories (35:23)

- Recent Industrial Sales (39:10)

- Programming Notes (42:00)

- Shoutouts (43:39)

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