The Dirt Lawyer's Blog Archive

This is what you hear banks saying. But then you read that originations are down 80% from 4Q 2007, when things were already starting to slow. And this is across the board in commercial and multi-family sectors. Lenders say, however, that they are lending and have to lend to stay in business and make money. So who do you believe? I have my opinion :)

Grubb & Ellis thinks we will not see a recession, but some slowing in the 2008 real estate market. (Could it conceivably been going faster than in, say, 2006 anyway?) The main conclusion is that the four main sectors of the market -- office, retail, industrial and multi-family, will remain relatively healthy . I have been thinking that for a while, but only as a hunch and based on what I have been reading and know about. I'd like to think they are right.