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home mortgages: Positive Outlook for Commercial Real Estate - 02/05/08 03:39 PM
By, Gaurav Bhola, MSM The housing and mortgage market have been going through some difficult times in recent months. However, unlike the residential real estate cousin, the commercial real estate market has been doing well. The construction spending on shopping centers, office buildings, and other nonresidential projects rose by 15.2 percent in August, led by strong growth in retail and office segments. Commercial retail sales jumped to $401 billion from $359 billion last year. Unlike, residential real estate, where home loan mortgages, such as interest only mortgages, adjustable rate mortgages, and subprime mortgages have been a cause of concern, along with foreclosures; the
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Gaurav Bhola
Orlando,
FL
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