Commercial real estate outlook dampened.(Commercial): An article from: Mortgage Banking

Commercial real estate outlook dampened.(Commercial): An article from: Mortgage Banking
  • Seller: Gale Reference Team
  • List Price: USD$9.95
  • Release Date: 2009
  • Format: HTML
  • Printable: Yes
  • Mac OS Compatible: Yes
  • Windows Compatible: Yes
  • Handheld Compatible: Yes
  • File Size: 5 KB
  • Digital: 2 pages
  • Publisher: Mortgage Bankers Association of America
  • Required Free Software: Any web browser

Excerpt. © Reprinted by permission. All rights reserved.

With the exception of cash transactions, investment activity in commercial real estate sectors is nearly at a standstill, because commercial lending has essentially halted while job losses are curtailing the demand for space, according to the Chicago-based National Association of Realtors[R] (NAR). Although access to residential mortgages has improved, the opposite is true for commercial loans, and there are "serious structural problems" in commercial lending, explained NAR Chief Economist Lawrence Yun.