Carlo Romero

True to promise, some incredible 'insights' from CRED iQ® this week in their weekly insights: TLDR #multifamily (MF) and CRE CLO performance are not looking good. CRE CLO performance: - 53% is current and performing, - 37.7% on watchlist and - 8.6% delinquent or in special servicing. In This Week's Issue Headlines     - Distress Rate: New Record    - ~40% of CRE CLO on Watchlist    - Property Waiting: Getting Harder    - MF in Crosshairs    - MF CLO Buyback Triples    - Arbor Modifies $1.9B    - The Mortgage Fraud Scam    - Fed: More Hints    - Brookfield Ready to Deploy $106B go to: https://cred-iq.com/ and sign up!

In New York City's brisk real estate market, adaptability is key. Blink, and you might miss a rapid shift that alters the market's dynamics. As an agent, maintaining a competitive edge means staying agile and fine-tuning strategies to align with the market's tempo. A keen understanding of market trends, an open approach to changes, and a meticulous strategy adjustment keep you on your toes and ensure that you efficiently meet your client's needs. Every quick turn, sudden shift, or surprising bounce in the market equates to learning opportunities; hence, an adaptable real estate professional sees change as a constant teacher. So, continually strive to learn more, adapt faster, and stay ahead of the game. How quickly, agile, and adaptable are you ready to be? It's time to enter New York City's real estate market with a versatile spirit and a quick-to-learn mindset! #SPiRALNY #marcelbellucci #RealEstateAgility #FastPacedMarket #AdaptableStrategy #CompetitiveEdge #LearnFastAdaptQuickly #NYCRealEstateAdaptability

🚨 New York’s Housing Crisis: A Post-421-a Landscape 🚨 More than two years after the expiration of the 421-a tax incentive, developers and lawmakers are navigating new territory with the introduction of 485-x, passed in late April. The backdrop? A severe housing crisis in NYC, where rents have soared to all-time highs, vacancy rates have plummeted, and the housing pipeline is nearly dry. 🏙️🏢 While 485-x aims to address affordable housing needs by requiring permanently affordable units and setting lower rent caps, developers argue that it misses the mark. They say that the higher wage mandates and restrictions will limit the incentive to build large-scale projects, the very thing needed to tackle NYC’s housing shortage. 🏗️ As the city grapples with these challenges, the question remains: Will 485-x be enough to unlock new development, or will it further complicate the path to resolving the housing crisis? 🤔 ________________________________________________________ Are you buying commercial or residential property in New York? The title insurance company you choose to use actually matters a great deal! And remember that it’s your RIGHT to choose the title insurance provider you want to work with. Read ’Top Reasons New York Homebuyers Can And Should Choose Their Title Insurance Provider!’ here https://lnkd.in/eHTrDQsd. Questions? Contact us at [email protected] or (516) 741-4723. Hallmark Abstract Service…You Buy Real Estate, We Protect It! #NYCHousingCrisis #AffordableHousing #RealEstateDevelopment #485x #HousingPolicy #ConstructionIndustry #NYCRealEstate #421a #Multifamily #CRE #commercialrealestate #NYCgovernment #titleinsurance #MultifamilyInvesting #Legal #Law #Construction #NYCConstruction #BuyerProtection