st louis mo commerical real estate auctioneer: Commercial Mortgage Defaults Hit 16-Year High - 02/27/10 09:50 AM
The default rate on commercial real estate mortgages held by U.S. banks closed out 2009 more than double what it was a year earlier. Real Capital Analytics reportedTuesday that the default rate on loans made for office, retail, hotel, and industrial spaces shot up to 3.8 percent in the fourth quarter of last year, compared to 1.6 percent for the same period in 2008. It’s the highest the rate has been since 1993, when it hit 4.1 percent, GlobeSt.com explained.Real Capital divides the commercial real estate (CRE) sector, with the property types above grouped together and multifamily apartment properties analyzed separately. … (0 comments)

st louis mo commerical real estate auctioneer: Commercial Real Estate Forecast $300 Billion Losses - 02/15/10 12:48 AM
Losses from defaults on commercial real estate loans maturing in the next few years could go as high as $300 billion, threatening to topple nearly 3,000 community banks nationwide, a federal watchdog group has concluded.Market analysis by the Congressional Oversight Panel (COP), charged with keeping tabs on the government’s Troubled Asset Relief Program (TARP), shows that $1.4 trillion in loans made over the last decade for retail properties, office space, industrial facilities, hotels, and apartments will reach the end of their terms and require refinancing between 2011 and 2014.According to the panel, the loans most likely to fail are those made … (0 comments)

st louis mo commerical real estate auctioneer: Small Investors Lost It All in Memphis - 02/05/10 10:31 AM
Investors say they are innocent bystanders who are paying a painful price for the credit crunch.
The commercial real-estate mess is clobbering lots of investors. Few of them are reeling as much as the 27 owners of 1023 Cherry Road in Memphis, Tenn.The office complex about five miles east of downtown tumbled into foreclosure last fall because the owners couldn't refinance the $14 million loan used to buy the two glass-and-steel buildings in 2004. They also lost all $7.1 million they invested.Cherry Road's collapse is an ominous sign for thousands of other commercial real-estate deals in which mom-and-pop investors pooled their … (0 comments)

st louis mo commerical real estate auctioneer: Commercial Real Estate Prices Break 13-Month Losing Streak - 01/25/10 08:39 AM
After a 13-month run of steady price declines, U.S. commercial property prices rose 1 percent in November, Moody’s Investors Service said this week.Despite the short-term boost, Moody’s says it expects prices to resume falling in the coming months as occupancyand rental rates continue to decline, but depreciation should be less severe than the sector experienced in the middle of 2009, when some index readings showed price dives in excess of 5 percent.According to Moodys/REAL Commercial Property Index, prices in the commercial real estate sector began fallingover two years ago, with significant declines seen throughout 2009. The increase in November puts aggregate … (0 comments)

st louis mo commerical real estate auctioneer: Has Commercial Real Estate Bottomed? - 01/20/10 01:52 PM
Has Commercial Real Estate Bottomed?  Does anyone really know?
Commercial real estate values fell so sharply that some analysts believe the prices may have stabilized, but the data is inconclusive. Christina Lewis reports on the WSJ News Hub.
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st louis mo commerical real estate auctioneer: With profits down, firms just aren't changing hands - 01/19/10 03:09 AM
While this story is based on California data I think it holds true for many other places to.
Depressed values for commercial real estate will continue to be a drag on small-business sales. Businesses that own the land on which they sit will be worth less, and potential buyers with real estate holdings in their portfolios will have a harder time qualifying for loans. Real estate businesses in general will sell for somewhat less than they might have during the boom. Overexposure to commercial real estate loans, many of which are now souring, has made some banks reluctant to lend at … (0 comments)

st louis mo commerical real estate auctioneer: Is There Another Shoe to Drop in 2010? - 01/17/10 03:16 PM
I found comfort to read that while the commercial real estate market is forecast to have challenges in 2010 and beyond it is believed the upset will be more orderly and less stomach-churning than the run of home mortgage foreclosures and the financial crisis that devastated the economy.
A high unemployment rate of 10% means businesses require less office space, leaving more vacancies and driving rental rates down. A still-cautious consumer is tough for retail shops, a sizable number of which are going out of business. And loans are difficult to come by in this tight credit market, making it hard … (1 comments)

 
Paul Roesch CDPE 618-233-1000, Real Estate Auctioneer CAI St Louis MO Auctions (Palatium Auction and Appraisal Service, Real Estate Auctions, Estate, Moving, Downsizing Auctions 618-233-1000 USPAP Appraisals) Rainmaker large

Paul Roesch CDPE 618-233-1000

Real Estate Auctioneer CAI St Louis MO Auctions

Webster Groves, MO

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Palatium Auction and Appraisal Service, Real Estate Auctions, Estate, Moving, Downsizing Auctions 618-233-1000 USPAP Appraisals

Address: Metropolitan St Louis MO and surrounding Illinois and Missouri Counties, 63124

Office: 618-233-1000

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I sell real estate assets fast and economically. I auction household, estate, real estate and downsizing auctions. Brokers and agents encouraged for referral of sellers and buyers. Paul Roesch cell: 618-407-8479


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