Archive for February 20th, 2009

Economic News - Commercial real estate in disarray

Friday, February 20th, 2009

Fed officials sounding more downbeat

We heard from Atlanta Fed Bank President Lockhart yesterday – certainly seems more negative on the outlook – he said that he expects the economy to be exceptionally soft through mid-year with a muted second-half recovery. He cited many hurdles that will frustrate a meaningful rebound in coming quarters, and has turned his attention to the sagging fortunes of the commercial real estate market, defaults related to refinancing existing properties, problems in emerging markets and rising trade barriers.

California home sales surge again; prices slide again

The Best Mortgage Loan and the Second-Best Mortgage Loan

Friday, February 20th, 2009
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