Commercial Real Estate & Business News – October 30, 2023

The U.S. economy grew even faster than expected in the third quarter, CNBC reported Thursday. Growth was buoyed by a strong consumer in spite of higher interest rates, ongoing inflation pressures, and a variety of other domestic and global…»

The U.S. economy is standing tall despite the most aggressive rate-hiking campaign in a generation. Gross domestic product grew at an annual rate of 4.9% in the third quarter, the fastest in almost two years. All things considered, that’s pretty astonishing. More than…»

Bridge and event-driven lending has become more prevalent in today’s economic and real estate environment because conventional lenders are essentially out of the game. So says Brett Forman, managing partner of Palm Beach-based private commercial real estate…»

When considering the choice between renting and buying today, the housing market balance continues to tip in favor of renters amid an uptick in multifamily construction, reveals Realtor.com’s September Rental Report. Meanwhile, compared with pre-pandemic years,…»

The past year has been a rollercoaster ride for homebuyers and, this Halloween season, we’re delving into the real horrors they’ve been facing. From skyrocketing home prices to vanishing listings and fierce competition, we’ve analyzed how scary the 200 largest…»