Unions throughout the aerospace, development, airline and rail industries have also pushed for larger wages and other advantages in a decent labor market over the previous two years. Some commentators have warned of an much more extreme crash coming for commercial real estate. One NBER paper estimated that complete losses within the CRE house may pile up to $160 billion. Around $541 billion of economic real estate debt formally matured in 2023, although fallout was muted as many loans had been granted extensions, the firm stated. This year shall be when the distress brewing in commercial real estate lastly reaches…
