30.07.2009 - The next US property market problem: Commercial real estate
From Fnarena.com: A major contributor to the global financial crisis was the downturn in US housing prices as this not only brought the sub-prime issue to the fore but the fall in house prices has subsequently impacted on household wealth and this has translated into lower consumer spending levels. In the view of Standard Chartered there remain significant risks with respect to US real estate, with possibly the next shoe to drop being the commercial property sector as prices here are currently falling faster than house prices.........Full Article: Source
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