"Warning: US Real Estate Faces Record Debt and Generational Change by 2024"
TL;DR Summary
Cantor Fitzgerald CEO Howard Lutnick warns of a "very ugly" real estate market in the next 18 months to two years, predicting a "generational" shift and massive defaults of $700 billion to $1 trillion in loans. He anticipates commercial loan defaults due to high rates, leading to a significant impact on real estate equity. Lutnick also cautions that people are "overly optimistic" about the Federal Reserve and future rate hikes, suggesting that rates will likely remain steady.
Topics:business#financial-services#interest-rates#loan-defaults#market-predictions#real-estate#real-estate-market
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- There is a ‘generational change’ in real estate coming at the end of 2024: Howard Lutnick Fox Business
- 60 Minutes on Commerical Real Estate - The Big Picture Barry Ritholtz
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