January 19th, 2010 categories: The Market
A Forbes writer, Stephane Fitch, had a very interesting macro view on the U.S. real estate market. Though his article leans toward the commercial side of the business, mental gymnastics will allow us to draw some information relevant to the Honolulu real estate market. Here is the gist of his article.
“The year 2010 will see an end to “extend and pretend,” as in banks avoiding foreclosure on highly indebted office buildings, warehouses and shopping malls with loans coming due.” CLICK HERE TO READ THE FORBES ARTICLE
If he is right, how will this impact Oahu real estate?
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