Fed Chief Bernanke on Commercial Real Estate
By: Myles, November 17th, 2009
While I am on the topic of bank lending, I would like to add a few words about commercial real estate (CRE).
Demand for commercial property has dropped as the economy has weakened, leading to significant declines in property values, increased vacancy rates, and falling rents.
These poor fundamentals have caused a sharp deterioration in the credit […]
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