According to CoreLogic, as reported by the Baltimore Sun today, “[n]early one in four Marylanders with a mortgage owed more on those loans than their homes were worth this spring, worse than all but six other states — and a large number of homeowners who can’t easily sell or refinance.”
Although the Baltimore region is running at a lower […]

Here is a story that, unfortunately, keeps repeating itself time and time again. It’s also a story that speaks volumes about where the commercial real estate market truly is today and the challenges that developers and bankers face. 
The only three  questions that remain are: (1) How low will prices go down?; (2)When will the tide turn?; and (3) […]

One more chart to put the home price development in a broader context. This chart compares residential home prices to commercial property prices.
Residential prices have fallen about 30% from their peak, while commercial property prices have fallen 40%.
 
Those are serious and significant declines that reflect a huge amount of price adjustment, easily enough to absorb excess […]