CMBS Delinquency Rate Spikes by Most on Record by Wolf Richter • Jun 2, 2020 • 87 Comments Commercial Mortgage-Backed Securities backed by hotel and mall properties get hit the hardest. Mall-REIT CBL failed to make bond interest payment yesterday.
International Tourist Arrivals & Spending in Tourism-Dependent Spain Collapsed to “Zero” in April. May Likely Similar by Nick Corbishley • Jun 2, 2020 • 80 Comments It’s not often that “zero” is used in official statistics that are normally counted in millions of people and billions of euros.
Rents in the Most Expensive Cities Drop. Oil Patch Gets Hit Too. But Massive Gains in Other Cities by Wolf Richter • Jun 1, 2020 • 129 Comments Are the Work-from-Home-Folks Moving to Cheaper Pastures?
Head of Canada’s Mortgage & Housing Agency Warns Home Buyers to Question Motives of Those Saying Prices Will Rise by Stephen Punwasi • Jun 1, 2020 • 75 Comments “They’re whistling past the graveyard and offering no analysis.”
