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S&P: The worst not over for U.S. commercial property markets

Posted on 25 August 2010

From Insurancejournal.com: The slump in the U.S. commercial property market didn’t quite plumb the depths of the downturn in residential real estate, but although there are signs that home prices are nearing the bottom, commercial real estate could fall further.

According to an article published by Standard & Poor’s Ratings Services, titled “U.S. Commercial And Residential Property Markets May Have Seen The Worst Of Their Slumps,” despite a surge in foreclosures in the U.S. commercial real estate market, there were fewer defaults in commercial mortgage-backed securities (CMBS) than the rating agency originally expected…………………………………….Full Article: Source

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