NewNameToUse

[Nightingale Associates @FCNightingale]

Around 150,000 home owners with adjustable-rate mortgages (ARMs) are scheduled to face their first interest rate adjustment this year, according to ICE Mortgage Technology.

Another 186,000 borrowers are scheduled for their first ARM rate reset in 2027, followed by 155,000 in 2028 - with nearly half a million American homeowners on the hook for an expensive financial reckoning over the next three years.

@m3_melody
#RealEstate
https://t.co/S2heWIOXrE

[Triple Net Investor @TripleNetInvest]

JUST IN: A prime office tower in downtown Seattle just sold at a MASSIVE 84% 'discount' from its 2019 price

The 541k sq ft building sold for $48M - a measly $89 per sq ft

It last sold for $305M in 2019 - wiping out $256M in value

Here's the crazy part:

This isn't a building in some obscure location - it's a 41 story tower in the HEART of DT Seattle and underwent ~$20M in improvements in the last several years

While the building was 100% leased when sold in 2019, 50%+ of the building was vacant in 2026

Seattle is truly facing an office market apocalypse...

Stay tuned and follow for more updates on the office market meltdown

[Barefoot Student @BarefootStudent]

More than 9 million student loan borrowers are in default, per MoneyLion.

[Kalshi @Kalshi]

JUST IN: US pending home sales plunge 7.3% in September, per NAR

[unusual_whales @unusual_whales]

US private hiring is slowing.

Private employers added an average of 18,500 jobs a week over the four weeks ending Oct. 3, per ADP.

That’s down from 26,000 a week in the prior reading, a 29% drop.

[The Kobeissi Letter @KobeissiLetter]

The US affordability crisis is worsening:

Food prices have surged +34.5% since December 2019, now at their highest level on record.

Rent and grocery prices have risen +33.3% and +30.0%, respectively.

Furthermore, motor vehicle maintenance and repair prices have soared +55.2% over the same period.

Meanwhile, prices for services excluding rent, including medical care, transportation, education, communication, and recreation, have increased +29.2% since December 2019.

As a result, the Consumer Price Index (CPI) has risen +30.4%.

Basic necessities are becoming increasingly unaffordable in the US.

[Nightingale Associates @FCNightingale]

Illinois Center at 111 E. Wacker Dr and 233 N. Michigan Ave Chicago is scheduled for a Nov. 12 sheriff’s foreclosure sale.

Appraised at $66.5M - ↓82% from purchase price
Purchased for $376M in 2015
Loan balance of $285.7M

233 N. Michigan Ave 17% leased
111 E. Wacker Dr 52% leased

2.1M Square Feet
-Crain's
#CommercialRealEstate

[The Kobeissi Letter @KobeissiLetter]

BREAKING: US Pending Homes Sales collapsed -7.3% in September, to their lowest level on record in data going back to 2001.

The West saw the steepest decline of -9.2%, while sales in the South, the biggest home-selling region, fell -8.2%.

The housing market is frozen.

[NoLimit @NoLimitGains]

Pending home sales in the US just hit an all-time low…

Lower than the 2008 financial crisis. Lower than COVID.

Absolutely insane.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Bank of America warns AI investment surge is starting to look like a cycle that could end in major collapse soon.

[Brew Markets @brewmarkets]

The stock market has entered extreme fear territory.

[unusual_whales @unusual_whales]

79% of Americans forget to cancel free trials, per YF

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The Nasdaq 100 officially closes the week down -5.5%, posting its largest weekly decline since April 2025.

The index is now down -7% from its high seen just 10 days ago.

[Nightingale Associates @FCNightingale]

Owners at The Galleon, an 18-story oceanfront condominium built in 1967 in Fort Lauderdale have been hit with special assessments ranging from around $135,000 to $320,000 to help cover the spiraling cost of years of structural work.

#RealEstate

https://t.co/19EKVhMmaH

[NoLimit @NoLimitGains]

BREAKING: Indonesia’s stock market is collapsing 📉

[Watcher.Guru @WatcherGuru]

JUST IN: Brent crude oil surges over $111

[unusual_whales @unusual_whales]

BREAKING: More than 14% of U.S. home purchase agreements were canceled in September, the highest rate for any September on record, per Redfin.

[Barefoot Student @BarefootStudent]

48% of U.S. adults are very concerned about people who want to work being unable to find jobs, per Axios.

[Watcher.Guru @WatcherGuru]

JUST IN: Global diesel shortages to continue well into 2027, IEA says.

[Bark @barkmeta]

Infinite money glitch:

• Be Bank of America
• Make $5B from fraud
• Pay $1.2B fine
• Repeat