(This guest post originally appeared at the author’s blog)
If a picture is worth a 1,000 words, then three images detailing the trouble still brewing in the commercial real estate market must be worth, er, three times as much. Right? (Unless, of course, you’re a permabull who can’t — or refuses to — see just how things are adding up.)
1. From Realpoint Research’s most recent “Monthly Delinquency Report” (also featured in my latest “Market Observation” for Financial Sense Online):
2. From Markit, the AA-rated tranche of a synthetic index referencing 25 commercial mortgage-backed securities (hat tip to EconBlog Review):
3. From Reis, Grubb & Ellis (via Central Valley Commercial Real Estate Blog):
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See Also:
- FINALLY! Here’s Your Latest Snapshot Of The Housing Market
- Hong Kong Pricks Its Property Bubble
- Tiger Cub Brian Kelly: Chinese Real Estate Is Not A Bubble