mortgages
Economy

Potential ‘time bomb’ for US economy looms as $1.5 trillion in real estate mortgages will come due within the next two years

Some $1.5 trillion in mortgages will come due in the next two years – paving the way for a financial crisis as higher interest rates push down property values As this event looms, big banks such […]

Elon Musk
Commercial Real Estate

Elon Musk sounds the alarm on real estate, warning a spike in defaults on mortgages and commercial loans could hammer banks

The turmoil in the banking sector could spread to the housing and commercial real estate markets, Elon Musk has warned. “This is by far the most serious looming issue,” he tweeted on Saturday. “Mortgages too.” The Tesla, Twitter, and […]

Unprecedented
Commercial Real Estate

Facing “Unprecedented Challenges” And Soaring Rates, PIMCO-Owned Landlord Defaults On $1.7 Billion In Office Mortgages

Amid the recent record surge in interest rates, the residential housing market may have frozen – as the gap between bids and asks stretches to unprecedented levels – but it is hardly in freefall, courtesy of several […]

Weely Real Estate News

Australians unleash on The Barefoot Investor over his brutal advice as they struggle to pay off their mortgages: ‘I’ve started lining up at food bank so our children can have fruit and bread’

The post Australians unleash on The Barefoot Investor over his brutal advice as they struggle to pay off their mortgages: ‘I’ve started lining up at food bank so our children can have fruit and bread’ […]