There’s been some sobering news on the economic front this week. Inflation is rising again, which means interest rates probably won’t be dropping anytime soon. Larry Summers is warning that rates may actually increase in 2024.

That cracking sound you’re hearing is the snapping of pencils that were counting on rate cuts later this year to restore some semblance of order to CRE balance sheets that have been upended by the rising cost of debt, shrinking margins and plunging property values.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jack Rogers

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.