X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

It was about this time last year the storm clouds were gathering. People in the debt markets were getting nervous, the subprime mortgage market was collapsing as housing prices declined and interest rates ticked up. The National Realtors and other trade groups had earlier prognosticated housing prices would be increasing by then and that any housing downturn would be shallow, but no such luck. Despite the CDO market blowing up and widening CMBS spreads many players put on brave faces and figured the credit markets would settle down in a few months (by year end) and the strong fundamentals in commercial real estate markets would hold the day. It would be a repeat of the 1998 Russian credit crisis, some short term pain, but a bump in the road.

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.