Economy

Question 1

Describe interest rate movments over the last few years

Answer 1

Went down from about 2.5% to zero in early 2020 (covid)
Stayed like that for a couple of years
Rose to around 5% from starting early 2022
(see: https://fred.stlouisfed.org/series/FEDFUNDS)

Question 2

Most commercial buildings are financed via (…)

Answer 2

five- or ten-year loans

Question 3

Which 3 banks have been hit hard by commerical real estate loans going bad? NYC

Answer 3

New York Community Bank
Aozora Bank
Deutsche Pfandbrief

Question 4

Some office buildlings in big cities in the USA are trading at

Answer 4

less than half pre-pandemic levels

Question 5

How much is property market worth in America (excluding farmland)?

Answer 5

$66 trn
(a quarter of this is commerical including offices, warehouse, multi-family buildings, retail…)

Question 6

How much did US residential lose during 2007-09?

Answer 6

A third