As reported in today's Wall Street Journal:
New Home Construction Rose 4.4% in September
... Even though the level of monthly housing starts is up...by the standards of the last 50 years, it is still low, noted New York Federal Reserve Bank President William Dudley in remarks to reporters Tuesday.
FDIC Aims to Shed Some Real-Estate Assets
With more banks collapsing because of commercial real-estate lending, the Federal Deposit Insurance Corp. is working on a new way to sell failed banks' hard-to-value real-estate assets back to the private sector, according to people familiar with the matter...commercial mortgages have been rising as "a source of distress" for banks in addition to construction and land loans.
My take: Neither residential nor commercial real estate are out of the "woods" yet.
New Home Construction Rose 4.4% in September
... Even though the level of monthly housing starts is up...by the standards of the last 50 years, it is still low, noted New York Federal Reserve Bank President William Dudley in remarks to reporters Tuesday.
FDIC Aims to Shed Some Real-Estate Assets
With more banks collapsing because of commercial real-estate lending, the Federal Deposit Insurance Corp. is working on a new way to sell failed banks' hard-to-value real-estate assets back to the private sector, according to people familiar with the matter...commercial mortgages have been rising as "a source of distress" for banks in addition to construction and land loans.
My take: Neither residential nor commercial real estate are out of the "woods" yet.
