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EMScommercial
3518 Posts |
 Posted - 03/26/2008 : 2:52:26 PM
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Wanna know why things have been so crappy in the commercial world this year?
Check out this article.
'Consider that in January there was zero CMBS (Commercial Mortgage Backed Securities) issuance on Wall Street, the first time that's ever occurred in the 20-year history of the market.'
http://nreionline.com/finance/cmbs/real_estate_paralyzed_cmbs_market_0301/ |
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mortgagemessiah
6561 Posts |
Posted - 03/26/2008 : 2:58:51 PM
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| They were saying something like this was going to happen 6 months ago. |
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EMScommercial
3518 Posts |
Posted - 03/26/2008 : 3:09:05 PM
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Nov. 17B
Dec. 15B
Jan. 0
Feb. 1B
The trend seems to be a low number beginning of the year...
No one could predict $0 since it had never happened, but we all could see how much more tight things have gotten....
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