Office vacancy rates in major cities have risen to worrisome levels while investments into commercial real estate are in retreat.
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US mortgage rates have climbed past 7.5% — further tightening an increasingly impossible-to-crack housing market.
Macy’s is going less colosseum and more cozy in a cost-cutting shift away from large locations in malls and into small-format stores.
Low supply, high prices, and the climbing costs of borrowing have created one of the least affordable US housing markets in decades.