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“Even as banks deal with rising foreclosures and defaults, lenders have something else to worry about quick rising tides of potential losses from commercial real estate. These losses could easily stretech into the billions, as delinquencies and defaults on office buildings, retail buildings, and hotels have more than doubled in just six months.”
Risks Facing Thrifts in US and UK Underestimated
“There is a popular perception in the United Kingdom and the United States that savings banks (building societies or thrifts) will emerge relatively unscathed from the financial crisis, because most have little or no exposure to the most problematic asset-backed securities. Yet the monoline nature of their businesses means that the prospects for the sector depend, crucially, on the outlook for the residential housing market where recent data suggest there is cause for concern,”
Wall St. Firm Draws Scrutiny as U.S. Adviser
“The financial crisis has ravaged many a Wall Street giant, but it has also produced a handful of winners. BlackRock, a money manager that is much admired but little known outside financial circles, is fast emerging as one of the nations financial powerhouses.”
Related Websites -
Real Estate Forecast 2009 As a member of the school's Real Estate Club, I got a pretty interesting update on the real estate forecast for 2009. This is just the summary. The whole article was signficantly bigger. A lot of it is obvious, but it's still a good comprehensive list. Serious dislocation has resulted...... - Could Beachfront Real Estate Decrease in Value After BP Oil Spill? Not that real estate prices in areas of the southeastern U.S., like Miami, FL, and Myrtle Beach, SC, need another hit after the real estate bubble popped, but recent projections from the National Center for Atmospheric Research (NCAR) of oil getting caught in the Gulf of Mexico loop current couldn't......
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Commercial Real Estate Buildings Types Defined & The Current Economic Outlook For Each [/caption] There are many types of properties that fall into the commercial real estate umbrella. Understanding current market trends can help guide you to the best investment decision. Office Buildings An investment in an office building simply means you are investing in a building where people work and companies are...... -
Real Estate: The Time To Buy? None-the-less....lender's books are filling up with Commercial REOs. Commercial assets at discounted prices are showing up by the truck loads....So....it is cherry picking time. BUT one huge problem. Lenders are not lending. Well....at least not without a heavy down payment. Up to 50% on some deals....especially retail...office....industrial. Apartments still...... -
Investor Mistakes: How To Avoid Making Common Mistakes Investing in Commercial Real Estate Add to Onlywire Greetings. April is a crazy month for weather here in New Mexico. It was snowing yesterday evening and now it is 70 degrees. I am not complaining.... How To Avoid Making Common Mistakes Today, I want to kick off a series of video blogs on how......
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