Commercial Real Estate … The Next Shoe To Drop?
This week Moody's Investors Service reported that commercial real estate prices fell 2.3% in March, the steepest, one-month decline, in at least eight years. Retail property prices were down 5.7% from their peak last year. Plus, in a separate survey of opinions, Realtors who specialize in office and industrial properties said they anticipate a much lower level of business activity in the coming quarters. The weakening in the commercial sector is attributed to tight credit and the weak economy. downtown San Diego homes for sale
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Home prices will fall up to 50%, the Fed cant keep up wit da jingle mail folks, cutting rates to 0 = 33% inflation. Poor, poor timing. Jimmy Rogers recently called on Blind Ben to resign, a total screw up.
Bill
San Diego Medical Researcher