Mortgages on commercial property held by U.S. banks have been failing at the fastest rate in nearly 20 years, the Wall Street Journal said. 
Losses on loans used to finance commercial spaces would possibly reach about $30 billion by the end of 2009 at the current rate.  The $30 billion estimate is based on financial reports […]

Moody’s REAL CPPI July 2009 Report

The infamous NYC real estate developer Mort Zuckerman has a compelling article in todays Wall Street Journal, outling the 10 reasons that there is more trouble ahead:
 #1: June’s total assumed 185,000 people at work who probably were not. The government could not identify them; it made an assumption about trends. But many of the mythical jobs are […]

So Much Thats False & Nutty_07!08!09

THE “HALF-EMPTY” PERSPECTIVE: It is estimated that more than 50 percent of American homeowners are either in or near a negative equity situation. And if all that is not bad enough, check out the latest news:

 U.S. mortgage applications plunged to a seven-month low last week as demand for home refinancing loans tumbled 30 percent, data […]

It’s a buyers market, for sure. Nope. No good news here for sellers. Would you believe that Malls in the Northeast would sell for 50% off their highs …
As reported in today at www.ZeroHedge.com, finally we get a market test valuation of the Commercial Real Estate marketplace.   The Buffalo News reports that REIT Developers […]

As reported by ZeroHedge today – Mortgage Delinquencies Hit Record High, New Home Sales Disappoint. Green shoot believers, who are forever searching for clues of positive signs of recovery, will be devastated when they see these grave statistics. Sorry but the numbers are the numbers:

12 percent of homeowners with a mortgage are behind on their payments or in foreclosure.

Half of […]

Many have said to us, why publish so much negative news. Where is the good news. Two brief answers. First, it is what it is. Facts are facts. It’s very important that you know what “is.” And next, by knowing the bad news — up front – you not only get a heads-up, but you can position yourself to […]

More negative tea leaves of what is to come in 2010. In a sign of what is to come within the coming year, the Architecture Billings Index — which is compiled from a monthly survey of architecture firms around the U.S. – is a clarion call of leading economic indicators (a precursor of building activity over […]

FRE NOTHAFT_05-06-09[1]

Publish at Scribd or explore others: Magazines & Newspape How-to-Guides & Manu […]