Elizabeth Warren of the Congressional Oversight Panel discusses the commercial loan risks.
February 15, 2010
January 3, 2010
Commercial RE By The Numbers
Commercial real estate is not doing well in Cochise County as in the rest of the state and county. The vacancies in Benson are typical for other towns in the county. So lets look at Commercial Real Estate – the numbers.
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December 27, 2009
Commercial Real Estate Prices Fall
The on-line REALTOR® Magazine (realtor.org) published an article on the continuing decline of the commercial market. Moody’s Investors Service reports that commercial prices fell 1.5 percent in Ocotober and they are now 36.4 percent lower than in Ocotber of 2008 and 43.7 percent below their peak in October of 2007.
On November 7 we published a post titled, “Commercial Real Estate Bottom” in which PricewaterhouseCoopers and the Urban Land Institute, predicted that commercial real estate values will decline an average of 40 percent from their peak in 2007.
That forecast has now been met and will most likely be exceeded. And as we reported on November 17 there are “commercial real estate debt maturities [that] will spike at $1.8 trillion in 2012 and many are poor-quality loans”. So anticipating further declines is not unrealistic.
We follow and report on commercial market for it is one of many indicators of our overall economy.
Don Grafues
Resource: Realtor.org
Resource: Realtor.org
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September 19, 2009
IRS Changes Rules to Ease Commercial Refis
The U.S. Internal Revenue Service announced changes to tax rules Tuesday that make it easier for commercial property owners to refinance.
(more…)
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