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Fed shows strong concern about commercial real estate crisis
Following a recent meeting, the Fed board seems to lose hope regarding regarding real estate crisis.
They believe that US economic recovery will not happen until Q3 or Q4 2009 after economic stimulus package show its first effects. Before that, crisis will continue: credit crunch, economic downturn.
From that perspective, they believe that recovery will be weak [...]
Real Estate continue to decline
Lack of credit and the economic downturn will continue to depress the real estate market in 2009 following a forecast published by the National Association of Realtors®.
Economists also said that all components of market declined: lack of commercial credit, no liquidity in the market, economic downturn and no opportunity to sell assets.
In Q4 2008, The [...]