Credit conditions, consumer stress, and office finding a bottom
16 July 2026
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.
Resources mentioned
Chapters
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
Your hosts
Omar Eltorai
Senior Director of Research
Altus Group
Cole Perry
Associate Director of Research
Altus Group
Resources
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