💸 Rent Nightmare: Small businesses grapple with rising rents, forcing price hikes (11% YoY in July), relocations, or late payments to stay afloat amid ongoing economic pressures — AP News

🏠 Mortgage Mania: China considers allowing $5.4T in mortgage refinancing to boost consumption and support the economy amid a housing market slowdown — Bloomberg

🏗️ Meanwhile, Mortgage Mellows: Commercial real estate lending forecasts lowered but still show significant improvement for 2024 and 2025 compared to 2023, with multi-family loans expected to rebound as interest rates moderate — Globe St

🏠 Unlocking: Homeowners gradually abandon low mortgage rates, potentially increasing housing options for buyers as the "lock-in effect" weakens — QZ

📈 Economic Crescendo? Despite high interest rates and lingering inflation concerns, the U.S. economy grew at a robust 3% annual rate in Q2 2024, driven by strong consumer spending and business investment — AP News

🐢 But, Labor's Slow Dance: US job growth is projected to grow only 0.4% annually through 2033 due to slower population growth, aging demographics, and technological advancements — Bloomberg

🏢 Lease Life-Saver or Paperwork Nightmare? Freddie and Fannie introduce new tenant-friendly lease standards for multifamily properties seeking financing, including grace periods and notice requirements, effective 2025 — CRE Daily

🎢 Rental Rollercoaster: Nationwide median rent dips to $1,412 as seasonal trends and increased supply continue to slow the rental market — ApartmentList

🤖 AI-ght, Let's Lease! San Francisco sees a surge in office leasing by AI companies, with over 1.7 million square feet leased since ChatGPT's release, potentially reaching 12 million square feet by 2030 amidst a struggling commercial real estate market — TRD