Just when we thought that the market was coming back.
Well it is. But apparently not all over and not all at once. While
the residential sector is doing better (and at an anecdotal level we
have certainly noticed that properties don’t seem to have the shelf
life that they once did) the commercial sector is wallowing in…
the financial doldrums. It is well to remember that
lenders are invariably tied to commercial properties and if there is
more money tied up in bad commercial deals, there are
correspondingly fewer dollars for residentials. Stimulus 2? We hope
not.The Commercial Market
Commercial recession?
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