Commercial Real Estate:
Commercial Mortgage Delinquencies At Lowest Level Since 2009
Commercial Real Estate Market Gets More Good News As Reports Show Commercial Delinquencies Fall
Chandan Economics just released figures that show that delinquencies on commercial real estate mortgages have fallen to their lowest points since 2009. Those findings correspond closely to figures just released by the Mortgage Bankers Association, which show the same good news for the commercial real estate market.
Read about it in this article by Carl Gaines of the New York Observer:
Carl Gaines – "Chandan Economics and the Mortgage Bankers Association released data last week that points to continued improvements in the commercial real estate market … This data showed that the default rate on commercial mortgages held by banks had fallen to its lowest level since the middle of 2009—to 3.11 percent. This marked a 34 basis point drop when compared to the previous quarter." … Commercial Observer
Multi-Housing Units share In Commercial Real Estate Good News
Both reports show the same decline for the multi-unit housing sector of the commercial real estate market. All of this is very good news as far as commercial real estate is concerned. It's also a good indication that the economy is improving in general. We can only hope the trend continues into the future.
Commercial Real Estate.