Developers are still building plenty of units in New York City, but the rental market remains tight with thousands of rent stabilized units held off the market.
While housing starts have slowed for awhile, it won't take much for them to pick up before midyear, even if it means homebuilders need to get more aggressive on price cuts and incentives than they have had to be so far.
Even with the bonds rebounding over the past two months on speculation the Fed is poised to slow its rate hikes, the Bloomberg index of Treasury Inflation Protected Securities, or TIPs, is headed for a loss of nearly 10% this year.
Propmodo talks about the implications of the looming end of the bonus depreciation tax deduction. Institutional Investor looks at why preferred securities could have a big year in 2023. These are among today’s must reads from around the commercial real estate industry.
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