Commercial real estate is entering a new cycle, and it may feel unfamiliar to anyone who’s only known falling cap rates. Over the past 25 years, declining cap rates boosted CRE returns — but that period was more the exception than the rule. Longer history shows cap rates often

Spoke with Aarthi Swaminathan at MarketWatch about why more homeowners are staying put longer. Higher rates, the lock‑in effect, and aging in place have slowed mobility — but signs of a thaw are emerging as affordability rises and supply moves toward balance. marketwatch.com/story/these-2-…

Pending home sales eased to start the year: NAR’s Pending Home Sales Index fell 0.8% in January and was 0.4% from a year ago. As a forward-looking gauge of contract signings, the data suggests buyers are still approaching the market carefully even as affordability improves.

Had a great exchange with Matt Sexton at Mortgage Professional America Magazine on why office conversions haven’t moved the needle much yet, but why they’re likely to matter more as new office construction has slowed. We also get into what mortgage brokers can do now to stay competitive in this