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🚧 Construction Stabilizing? Home construction rose 2.2% to a 1.4 million annualized rate, a sign that much-needed supply is en route — Bloomberg

😥 Rents Stabilizing? In Q1 2023, the number of metros experiencing higher rent burdens plummeted from 49 metros down to only five, a 91% drop — Globe St

😊 Rents Stabilizing! In April, rents remained flat at $1,495 (one-bedroom) and $1,842 (two-bedroom) — Zumper

😨 Commercial St….il Terrible: A debt default means a hit to U.S. creditworthiness, which would be a “knockout punch” for CRE — CO

📉 The Price Slide: CRE prices fall for the first time since 2011 — Bloomberg

🏢 Post Office: Brookfield late on another office tower payment following a February $784 million office loan default — CO

😋 Mmmm Chips: Micron chose Syracuse for a new microprocessor factory, now developers are moving in — Biz Journals

📊 Active Investors: In December 2022 investors purchased 8.2% of homes sold, up 0.4% year-over-year, but down from the February 2022 (8.9%) peak — Realtor.com

🤔 Let’s Be Modest: Fannie Mae still predicts a mild U.S. recession, with housing keeping much of the economy buoyed — MPA