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Texas Foreclosure Volume Drops Below $600M After October’s Billion-Dollar Spike

Buyers Press for Deeper Discounts as Higher Financing Costs Bite

CoStar Raises 2027 Apartment Rent Growth Forecast to 2.6%

Vornado’s FFO Climbs as Manhattan Office Leasing Hits a Landlord’s Market

The Newsletter

06 Jul

Good morning. Welcome back to CRE Daily!

RISING STAR

Texas Foreclosure Volume Drops Below $600M After October’s Billion-Dollar Spike

Texas’s distress pipeline cooled in November, with flagged loans dropping back below $600M after October’s billion-dollar run.

THE TAKEAWAY

Buyers Press for Deeper Discounts as Higher Financing Costs Bite

Higher rates are reopening the gap between what buyers offer and sellers will take.

THE TAKEAWAY

CoStar Raises 2027 Apartment Rent Growth Forecast to 2.6%

The multifamily market may be turning a corner faster than expected, as stronger renter demand and shrinking construction activity set the stage for accelerating rent growth through 2027.

THE TAKEAWAY

Vornado’s FFO Climbs as Manhattan Office Leasing Hits a Landlord’s Market

Vornado’s quarter reads like a Manhattan office market tightening back toward landlords, with rents and occupancy climbing.

THE TAKEAWAY

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