Rents are still setting record highs in some US cities, but home prices are seeing their biggest declines in over a decade in other areas.
Happy Friday eve, readers. Phil Rosen here, clocking in from NYC.
There's a lot to say about financial markets these days — the debt ceiling is a fast-approaching crisis, the banking sector has been rattled by failures, and stocks are still fighting the Fed.
The secondary impacts of these risks are less obvious. What happens in each worst-case scenario?
Commercial real estate may hold one answer.