Credit conditions, consumer stress, and office finding a bottom
About this episode
The episode discusses credit conditions, consumer stress, and the office market's potential bottoming out amidst recent economic data.
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…
People in this episode
Host: Cole Perry
Guest: Omar Eltorai
Topics covered
- credit conditions
- consumer stress
- office market
- bank earnings
- economic data
Keywords
- CPI
- consumer credit
- home sales
- bank earnings
- credit market
Mentioned in this episode
Organizations: Bank of America, Wells Fargo, WSJ, Federal Reserve
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