Well, that was one hell of a first half. Back in January, the pregame talk echoed with bravado. Fifty-six industry titans had just told us that once the U.S. presidential election dust settled, interest rates would drift lower, capital would unfreeze and 2025 would be the year to thrive.
Six months, 166 executive orders, a flurry of ever-changing tariffs, frozen interest rates and one big, beautiful bill later, the mood has clearly shifted. Everyone knows who to thank — or blame.
The tariff roller coaster and ensuing economic uncertainty have replaced election anxiety as the nagging headline, interest-rate cuts are still a mirage, and the bid-ask gap has barely blinked. ..
RSK: Good snapshot on what the thoughts of CRE practitioners are at halftime in 2025.
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- - Volume: 25 - WEEK: 30 Date: 7/22/2025 7:21:55 AM -