The latest CRE Exchange covers a packed week of data and market. Cole Perry and Omar Eltorai work through the June CPI print, consumer credit pullback, and existing home sales data before digging into the WSJ economist survey and Fed meeting minutes, where the most notable detail is a credit market splitting between large and small borrowers. The episode closes with early Q2 bank earnings from the four largest US banks, including reserve releases on office CRE loans at Bank of America and Wells Fargo that suggest the office credit cycle may be turning, and lender scrutiny around data center financing may be growing. Key moments 01:50 Inflation hedge data 03:13 Patriotic owners trivia 06:57 Consumer credit update 08:56 Housing and CPI prints 12:31 WSJ Economist Survey 22:59 Fed minutes breakdown 29:34 Big bank earnings takeaways 36:23 New segment: CRE Bag O’ Random! 42:38 Upcoming Calendar and Wrap Resources mentioned Consumer Credit — G.19 (May 2026) - https://www.federalreserve.gov/releases/g19/current/default.htm Existing Home Sales — June 2026 - https://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-2-4-decrease-in-june Consumer Price Index — June 2026 - https://www.bls.gov/news.release/cpi.nr0.htm WSJ Economist Survey — July 2026 - https://www.wsj.com/articles/economic-forecasting-survey-archive-11617814998 FOMC Meeting Minutes — June 16–17, 2026 - https://www.federalreserve.gov/monetarypolicy/fomcminutes20260617.htm Massachusetts YIGBY Bill — H.5562 - https://malegislature.gov/Bills/194/H5562

Credit conditions, consumer stress, and office finding a bottom

CRE Exchange: Commercial Real Estate, Property Valuations, Real Estate Analytics and Property Tax

Welcome to the CRE Exchange Podcast, where we deep dive into the global trends and challenges of professionals across all sectors of the commercial real estate industry. We engage with experts in this space to bring you innovative insights into industry practices, opportunities, and challenges to better inform your decisions. This episode is brought to you by Altus Group, a leading provider of CRE Intelligence. We connect data, analytics, applications, and expertise to power CRE performance.

Welcome everyone to another exciting episode of CRE Exchange. I'm Cole Perry, your host and Associate Director of Research at Altus Group. I'm joined by Omar El-Tsarai, our Senior Director of Research. Together we'll share the latest news and trends in the U.S. commercial real estate market. Omar, it's great to be with you. Got a lot to talk about today. How about you run us through our agenda? Yeah, it's a jam-packed agenda today. We'll kick it off with some CRE data points that we just have pulled from the dataverse.

Then we'll cover some econ data, including some consumer, some housing, some inflation. We'll go over a recent economist survey as to what economists are expecting the back half of the year to look like. And then we'll touch on some Fed meeting minute takeaways. We'll highlight a few of the key takeaways from the second quarter bank earnings.

And we got an exciting new segment, the CRE Bag of Random, which we'll introduce. And we have a new voice joining us for that. And then we'll close the call out as we usually do with upcoming releases and announcements. All right. Excellent. So, Omar, let's start it from the top. How about you give us your CRE data point of the day? So it's 0.72.

Credit conditions, consumer stress, and office finding a bottom

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Credit conditions, consumer stress, and office finding a bottom

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.