Dec 17 2009
The Commercial Real Estate Default Wave is Here: Commercial Mortgage Defaults Now at 16 Year High. 3.4 Percent of all Commercial Real Estate Loans in Default.
What has been lost in the housing talk recovery is the grim statistics that commercial real estate has fallen 37 percent in value in the last year. This wouldn’t be such a big problem aside from the tiny detail that some $3 trillion in commercial real estate loans are still outstanding. The commercial real estate [...]
Jul 19 2009
Negative Equity Nation for 1 out of 5 Homeowners: The Psychology of the 10 Million American Homeowners with Zero Equity.
Recent data suggests that the number one factor for walking away from a home is negative equity. For us to understand this dynamic, it is important to understand why someone would leave a home with a mortgage. According to the U.S. Census Bureau some 51.6 million owner occupied homes have a mortgage. This is data [...]
