New York Post
4 months agoCantor Fitzgerald CEO Howard Lutnick warns of 'generational shift' in real estate market: '$1 trillion in defaults coming'
A "generational" shift in the real estate market is expected, with a potential default of $700 billion to $1 trillion in loan sales.
Loan sales will become a huge business as commercial buildings face high rates and owners struggle to pay off their mortgages. [ more ]