Category: property-crisis

The real estate market is a ‘slow moving train wreck’ as experts warn of a looming $700 billion default

Manhattan skyline marchello74/Getty Images The real estate market looks like a “slow moving train wreck” as a massive default looms, experts told Fox Business News. Howard Lutnick said a $700 billion default is likely with huge pile of commercial real estate debt due. “The Fed will have to cut rates because that’s what’s creating the problem.” The US economy may be going strong, but the…