Commercial Real Estate Meltdown

Checking back in with real estate McClatchy is reporting on the condition of the commercial end of things. The condition is poor. The effects of the recession are still in place and commercial real estate defaults and such are increasing.

Now just as a caution, we have to remember that there is a lot of doom and gloom in the news, and that this alone peaks interest and curiosity. As we know the recovery from the major recession will be long and it will have more peaks and valleys.

McClatchy: It only gets worse this year for commercial real estate

Delinquencies on bonds backed by pools of commercial real estate loans continue climbing to record levels.

At the end of 2009, 4.9 percent of all pools of these loans — called commercial mortgage-backed securities — were delinquent. That's a five-fold increase over the year before...

...occupancy rates plunging...

Apartments and other multifamily dwellings are expected to be the last segment to return to health...