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Podcast: The TreppWire Podcast: A Commercial Real Estate Show
Episode: 340. Housing Market Pressures, Credit Card Borrowing Plunged, BlackRock’s Buy, Texas Floods, NYC & Multifamily Transactions
Description: In this week's episode of The TreppWire Podcast, we discuss the resilience in the market despite ongoing concerns about inflation and job layoffs, attributed to factors like AI integration. We unpack shifting expectations around Fed rate cuts, the growing strain on housing affordability, and credit card borrowing slowing a $5.1 billion gain in May, down from a $16.9 billion rise in April. We also examine the devastating Texas floods and their impact on commercial real estate (CRE), highlighting the rising risks of extreme weather. In the major CRE headlines of the week, we cover BlackRock’s acquisition of Elmtree Funds and ma...