Daily Real Estate News
| February 2, 2010
Rating agency Standard & Poor’s said Monday that for commercial real estate, the worst is probably yet to come.Vacancies remain high and rents are declining, causing more delinquencies and lower prices, S&P said.While big banks have the most real estate exposure compared to smaller institutions, they probably aren’t facing the greatest risk. The agency said small community “unrated” banks made the riskiest deals and continue to hold loans with the most down side.Source: Reuters (02/01/2010
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