US Bancorp Report Is Good News
For Commercial Real Estate Market
The health and profitablility of our largest commercial lenders is a good indicator of the state of the commercial real estate market at any time. From this report from Jennifer Booton of Fox Business News, we can find some positive signs about commercial real estate in general.
Read all about it here:
US Bancorp Tops Street in 2Q on Real Estate, Mortgage Lending
Jennifer Booton - "U.S. Bancorp (USB) reported a better-than-expected second-quarter profit as the nation's fifth largest commercial bank added more mortgage and real estate loans and put more money aside as a precaution against bad debt."
http://www.foxbusiness.com/industries/2012/07/18/us-bancorp-tops-street-in-2q-on-real-estate-mortgage-lending/
These kinds of reports are good news in the world of commercial real estate. Here's hoping we see more.
Commercial Real Estate