Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Slight Decrease In Commercial Foreclosures Hints at Market Stabilization
At the beginning of 2024, the commercial real estate sector was in a precarious situation, facing the dual pressures of rising interest rates and a credit crunch. Many experts anticipated a surge in foreclosures, driven by the combined challenges of high borrowing costs, limited access to financing, and changing market dynamics, particularly in retail and office spaces.
However, with just a couple months left in the year, the landscape appears to be shifting. Recent data suggests that the worst may be behind us. The Federal Reserve's decision to cut interest rates by half a percentage point in response to cooling inflation and other economic factors has already shown signs of relieving some of the pressure on commercial property owners. The latest report from real estate data provider ATTOM indicates that commercial foreclosures in June 2024 fell to 647 nationwide, a decline from the 800 reported just two months earlier in April. While foreclosure rates remain elevated compared to historic lows, the steep drop provides a potential signal that market conditions could be stabilizing. Additionally, the Federal Reserve has hinted at additional cuts before the end of the year, with a target range between 3% and 4%.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.
CLE Shouldn't Be the Only Mandatory Training for Attorneys
Each stage of an attorney's career offers opportunities for a curriculum that addresses both the individual's and the firm's need to drive success.