Other than the information about interest rates, most of thecommercial real estate market knew all this and have long factoredit into financial and investment planning, according to an informalsurvey of various players in the commercial real estate debt andequity markets by GlobeSt.com.
"I see the testimony of the last two days as fairly positive forreal estate markets now and going forward," Scott A. Singer, EVP ofthe New York City-based the Singer & Bassuk Organization tellsGlobeSt.com. "What the real estate industry needs right now arestatements of stability--and to a certain extent we got one."
Singer also liked that Bernanke was open about the potentialrisks facing the industry. "He was clear about the significantrisks going forward but emphasized that they are prospective risks.Inflation, for instance, has not gone away but the numbers are alittle higher than where he wants them to be. That type of news isa welcome change from the much more inflammatory and currentlyworrisome news coming out of subprime markets."
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
