Let's see how those values hold up through the cycle of hiring freezes and layoffs that's just getting started.
I suspect (but can't prove) that commercial real estate is a leading indicator of what to expect in the housing market. We'll see.
I suspect (but can't prove) that commercial real estate is a leading indicator of what to expect in the housing market. We'll see.
This just isn't going to happen. If anything, the declining commercial real estate is going to push up home values further because people want better WFH setups.
That's just one factor that wasn't in play in 2000 and 2008.