Commercial real estate fears are overblown, a portfolio manager told CNN.
While demand for office spaces has slumped post-COVID, other property types are quite healthy.
Commercial mortgage bonds have priced in the bad news and sentiment could soon improve.
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Everyone needs to chill out about the commercial real estate market.
That’s according to a portfolio manager at Brandywine Global. In an interview with CNN, Tracy Chen said much of the recent hand-wringing over the commercial property sector is overblown.
“If…
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Home values have been on an upswing, and they likely won’t come down any time soon. The main driving forces behind the spike in cost are low inventory and high interest rates, two issues that won’t resolve overnight. As a result, Zillow predicts that prices will rise by more than 6% by this summer compared to last summer.
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