Commercial Real Estate Investing News: According to the Moody’s/REAL Commercial Property Price Indices the September prices were down by -1.4% over all types of commercial property sales for the first time in four months. In the past 20 months over 20% of the sales have been in distressed categories. In September distressed commercial sales were [...]
A report for sale at the Mortgage Brokers Association’s online store “2010 Annual Report on Multifamily Lending” reveals that there was a 31% jump in total dollar value for multifamily housing lending in 2010 compared to 2009. The total dollar volume of lending was $119 billion. Commercial real estate investing continues to be a great [...]
Commercial real estate and mortgage banking analyst, Trepp LLC has estimated that mortgage delinquencies in all types of bank loans have declined in the second quarter of 2011. Trepp’s study includes residential and commercial real estate loans as well as construction and business lending. Trepp’s conclusion is that the recovery that stalled in the first [...]
Research company, Trepp LLC indicates that the recovery in terms of delinquency rates that began in the second quarter of 2010 appears to be stalling out. The first three months of 2011 have seen mixed results in delinquency rates. Trepp has pegged delinquencies, including 30 day late accounts at 12.7% in the first quarter, down only .1% from the previous quarter and down 13.5% from a year ago. First lien single family delinquencies remained flat at 4.8%. Trepp believes recovery will be protracted and will take well beyond 2011 to accomplish.
The Federal Reserve’s Beige Book lists the state of housing as one of the major strains on the economy as of February 18, 2011. Sales and construction remained at low levels in all Federal Reserve districts. Terms that were common concerning real estate activity in most districts were “mixed,” “sluggish,” or “unchanged” in describing activity levels. The St. Louis district noted that sales were in decline. Only Richmond, Atlanta and Chicago districts noted slight improvements. Some contacts believed the downward trend was temporary and related it to the bad January weather, although activity is expected to remain at low levels.
Moody’s reports that commercial prices are bumping up and down along the bottom right now. Some months prices are up a bit, and others they are down. In June prices dropped 4% is what Moody’s called a “choppy drop.” The prices are still higher than they were at the height of the recession in October 2009. Overall commercial prices are 41.4% below their peak recorded in October 2007.
Representative Walt Minnick of Idaho is expected to introduce a loan guarantee program worth $15 to $25 billion to help support refinancing of underwater commercial loans. The bill would introduce a new board at the Treasury Department to prepare underwriting guidelines for the program.
According to commercial research firm Real Capital Analytics, lenders are beginning to reclaim seriously delinquent commercial loans at an accelerated pace.
According to Trepp LLC research the default rate of commercial mortgage-backed securities reached an all-time high in April. The rate of commercial mortgages 30 days or more late, in foreclosure, or being sold as REOs jumped to a record high of 8.02% in April. Fitch Ratings pegs the default rate in the commercial sector even higher at 8.14%.
"Bob by far provides the best value and comprehensive, timely information." -Alex Bailey, Irmo, SC
"Emails I received from Bob contained very useful and up-to-date information regarding the ever changing landscape of real estate and NOT just sales pitches for other 'RE gurus' programs." - Dennis Uyeda, HI
Find us on: The Investment Machine | RealtyFeedSearch.com | Blogging Fusion Blog Directory | Investment Directory | DR.5z5 Feed Directory | OnTopList | BLOGbal | 
| blogville.us | Best Directory | 
| Thumbnails powered by Thumbshots
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
![[Valid RSS]](/images/valid-rss-rogers.png "Validate my RSS feed")
© Copyright REWealthCoach.com 2009. All rights reserved.
