The TreppWire Podcast: A Commercial Real Estate Show 246. Market Moves: Powell's Testimony, S&P 500's Continued Climb, Apartment Sales, & Loan Losses
Mar 6, 2024
This podcast discusses Fed Chair Powell's testimony, CMBS loan losses, office crabgrass, and retail green shoots in the commercial real estate market. Insights on apartment sales, ADP, JOLTS, NYCB's capital injection, and S&P 500's record climb are also covered.
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Basel III Impact on CRE
- The Federal Reserve's potential rollback of Basel III regulations could significantly impact commercial real estate.
- Higher risk capital requirements under Basel III are a concern for lenders, potentially dampening lending in the CRE market.
Powell and Swift Analogy
- Stephen Bushbaum compared Fed Chair Powell and Taylor Swift, highlighting the political pressures they face.
- Both figures face public scrutiny and demands related to their respective fields.
S&P 500 Performance vs. CRE
- Lonnie Hendry noted the S&P 500's record close dwarfs challenges in the CRE market.
- While the CRE market faces difficulties, the broader stock market's performance overshadows them.