• Rising interest rates are blowing up commercial‑real‑estate deals, with buyers demanding price cuts or threatening to walk away before closing.
• The long 6–12 month lag between signing and closing is now lethal: financing costs are jumping mid‑deal, making original prices uneconomic.
• Retrades are accelerating. Examples include a Midwest apartment deal where borrowing costs rose 0.6 percentage points, forcing a $600,000 price cut.
• The rate spike is derailing a fragile CRE recovery, pushing down property values, slowing development, and driving more loans into special servicing (11.42%, highest since 2013).
• Lenders are more conservative, and deal friction is rising. Price fights, lender withdrawals, and last‑minute renegotiations are becoming common.

• Apartment landlords face over $1.8 trillion in debt, with $757 billion maturing by 2028 and record‑high maturities in 2025–26, just as interest rates have doubled from pandemic lows.
• Refinancing is painful: loans taken at ~3% now reset near ~6%, pushing owners to sell at losses, default, or hand back keys.
• Oversupply in Sunbelt cities (Austin, Phoenix, Denver, Atlanta) and slowing rent growth have crushed valuations, while multifamily prices are down 20%+ from 2022 peaks.
• Lenders are getting aggressive, ending extensions and even foreclosing on big players (e.g., Blackstone defaulted on a $90M Dallas loan).

• Mortgage rates near 7% have persisted long enough that waiting for a major drop before selling may not be a practical strategy.
• The market is slower because high rates deter both buyers and owners who do not want to replace low-rate mortgages.
• Set your asking price from current local competition and recent sales, not from pandemic-era peak prices.
• Decide based on your complete move economics (net sale proceeds, your next home’s cost, financing payment, taxes, insurance, and the value of moving now) rather than trying to predict rates.

• 30‑year fixed rates jumped to 7.07%, the highest since May 21, 2025, after a sharp single‑day increase of roughly 0.125%.
• Freddie Mac’s reported 6.76% rate is lagging because it averages the past week and excludes points, making it look lower than real‑time market pricing.
• The rate spike was driven by surging fuel prices and a hotter‑than‑expected PPI report, which implies stronger upcoming PCE inflation.

(Btw, I can see the thumbnail showing 7.12%, but the article says 7.07%).

Have about a dozen new listings across the country over last ~ 30 days and almost everything is DEAD! Some of them are priced SUPER aggressively and still little traction. Thought only condos, Due to regulation changes but nope, it’s hitting my single family properties too. Anyone else seeing this on their properties?

Hey guys, like many of you I've been experiencing the trials and tribulations of the DC housing market. I bought my condo about 5 years ago when the housing market was going crazy. I bought a condo with some good square-footage, good lighting, and great amenities. Life took its course, and I outgrew the condo and needed more space. The condo went on the market roughly a year and a half ago. It sat for ages. The DOGE cuts didn't make anything better.

Eventually a seller stepped in with an all-cash offer. The offer was about $80k less than what I bought it for, but at this point I was willing to cut my losses and move on with my life lol.

Anyway, for anyone buying or selling right now, good luck. Times are weird, the market is weird, but hopefully everything goes back to normal.... Eventually.

• Florida’s mainstream housing market is collapsing, with some pandemic‑era homes selling for 50%+ below their 2022 purchase price.
  • Example: A Margaritaville Orlando townhouse bought for $710K in 2022 sold for $340K this year, and similar units are now around $300K.
• Demand has cratered due to higher mortgage rates, falling immigration, and declining Airbnb occupancy, leaving investors unable to cover costs.
• Inventory has surged 110%, giving Florida 15% of all U.S. listings, and builders are offering six‑figure discounts and aggressive incentives to unload supply.
• Distressed sales and FHA loan delinquencies are rising sharply, signaling growing financial stress among lower‑income homeowners.
• The crisis echoes early signs of Florida’s 2007–2010 housing crash.

WHERE YOU AT BUBBLEJERKS??!!

• EY is allocating $100M this fiscal year to reward employees who demonstrate human skills like adaptability, innovation, judgment, and thoughtful experimentation with AI.
• Employees can earn spot bonuses up to $500 and major awards of $10,000–$25,000, with no cap on total rewards.
• The shift reflects a broader industry trend: firms are overwhelmed with “AI slop” and now emphasize critical thinking, judgment, empathy, and creativity to make AI useful.
• EY is overhauling training: a new 12‑month career residency, immersive AI/data/software boot camps, and 95% of partners have completed experiential AI‑transformation sessions.

• 2018 Retina MacBook Air
• 2018 13-inch MacBook Pro (four Thunderbolt 3 ports)
• 2017 13-inch MacBook Pro (two Thunderbolt 3 ports)

• California residents don’t reach majority homeownership until age 47, compared to "much earlier at 36" nationwide. 🤡 (I thought it was 40 years old)
• Extreme home prices, high mortgage rates, and slow housing construction are the main drivers of the delay.
• In L.A. County, only 17% of households can afford the typical $5,480 monthly payment on a median‑priced home.
• Delayed homeownership pushes back wealth‑building, family formation, and retirement planning, with major racial and educational disparities.

By default, it's set to 2 minutes, which effectively calculates the fastest route, but sometimes not the route you want.

Maybe the route you want has:

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By increasing the threshold to 10+ minutes, you won't have to disengage FSD just to make a specific turn you want, or to go past a highway exit you don't want.

Tesla Car Settings > Navigation > Online Routing > Reroute to save

• 2026 is on track to be the weakest housing year since 2011, with home sales falling to roughly 4.7 million.
• Mortgage rates remain elevated, expected to sit around 6.5% in 2026 and may only ease slightly through 2028.
• Home prices flatline, with 0% growth in 2026 and only modest gains afterward.