Cantor Fitzgerald CEO Howard Lutnick warns of 'generational shift' in real estate market: '$1 trillion in defaults coming'
Briefly

"I think it's going to be a very, very ugly market in owning real estate over the next, you know, 18 months, two years," he said.
I think rates are going to stay sort of steady eddie. I think all this talk of 175 basis point cuts, that's just not going to happen."
Read at New York Post
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