What I'm Reading Holding the Bag: The Federal Reserve now owns $2.72 trillion in mortgage backed securities, up from $1.4 trillion in 2020. It has announced the intent to shrink that amount substantially in order to help tighten monetary policy. However, most of those loans are at much lower rates...
June 29th – Fuel on the Fire
What I'm Reading Fuel on the Fire: Every $1 billion in additional e-commerce sales requires 1 million square feet of new warehouse space to support it. Using this calculation as a baseline, the US will need 330 million square feet of new space by 2025 just to keep up with...
June 1st – Taking Aim
What I'm Reading Don't Call it a Comeback: 2021 has been a banner year for apartment rent growth thus far with rents nationwide rents now surpassing where they would have been had the pandemic never happened. ApartmentList Inside Deal: Real-estate agents are selling more homes to select customers while bypassing...
May 17th – Trickle
What I'm Reading Trickle: Big banks have seen non-performing loans on their books double year over year. The bad news (for distressed investors)? That translates into only $15.4 billion in non-performing loans on the books with another $2.1 billion in foreclosed properties - a pittance when stacked against the $250+...