[jyl]

Looking at MMI

The CRE brokers and property managers are working because CRE owners who didn’t want to sell at lower prices can’t hold on any more, because big institutional funds are getting back into buying, because even REO property still needs to be managed, and because investors are betting on the Fed cutting rates regardless of inflation or employment data.

The biggest names have run away, like CBRE. I bought some NMRK but it has run too. So sifting through the laggards.