Rising interest rates and sky-high inflation have caused the real estate market to cool rapidly as mortgage rates hover near decade highs. The housing market has witnessed a worse-than-expected decline in demand, with pending home sales down 31% year-over-year in September. Commercial real estate is also grappling to regain momentum from the pandemic lows, as remote working has become the new norm. It comes as no surprise that the majority of publicly traded real estate investment trusts (REITs)
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