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Housing expert calls for commercial real estate crash
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Tuesday, September 15, 2009
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From Newsmax:

Wellesley College economics professor Karl Case, co-founder of the S&P/Case-Shiller Home Price Index, says commercial real estate "absolutely" could be the next domino to fall.

"It's not as big as residential," he pointed out in an interview with Dan Mangru of Moneynews.

About 30 percent of U.S. loans are secured with residential real estate, compared to 13 percent for commercial real estate, Case points out.

But, "commercial real estate is quite volatile," he says.

Read full article...

More on real estate:

PIMCO's Bill Gross: The housing market is dead

Stansberry: The worst trade in the history of the U.S.

Top economist Rosenberg on the sheer idiocy behind the "recovery"

Topics: Real Estate
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