The commercial real estate industry is waiting for the market to clear. It is waiting for the banking system to flush troubled real estate assets into the hands of investors. Since 2007, the Federal Reserve and the FDIC have been unable to allow this to happen.
Many commercial real estate lenders and investors are wondering how long the extend-and-pretend regime will last. Unfortunately, the end does not appear to be anywhere in sight as we enter second quarter 2012.
Read more...Extend-and-Pretend Continues | the Blog of the Real Estate Center at Texas A&M University
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