The TreppWire Podcast: A Commercial Real Estate Show 340. Housing Market Pressures, Credit Card Borrowing Plunged, BlackRock’s Buy, Texas Floods, NYC & Multifamily Transactions
33 snips
Jul 11, 2025 Explore the surprising resilience of the economy despite inflation and job concerns, driven by AI. Discover the mounting pressures on housing affordability and the drastic drop in credit card borrowing. Learn about the devastating Texas floods and their implications for commercial real estate. Dive into BlackRock's strategic acquisition that enhances its investment portfolio and the revitalization of NYC's real estate landscape. Don't miss key multifamily deals and the latest market trends shaping the future of commercial real estate.
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AI Powers Economic Resilience
- The economy is surprisingly resilient, driven by AI productivity gains and a diversified service economy.
- Despite inflation and layoffs, broad market gains persist without hitting concerning inflection points.
Housing Market Price Corrections
- Residential listings are surging with many sellers cutting prices by about 10% due to lack of buyers.
- This signals growing housing market stress as affordability wanes and prices adjust downward.
Texas Floods' Human Impact
- Central Texas suffered devastating floods displacing families and causing loss of life, a deeply emotional experience for locals.
- The catastrophe showed the community's strength and unity, as disaster transcended race and income.