Thursday, June 11, 2009

Fed shows strong concerns about the commercial real estate crisis.

After meeting the new board with the Fed seems to lose hope about the real estate crisis.

They believe that the U.S. economic recovery will not happen until Q3 or Q4 2009 economic stimulus package after the show the effects first. Before that, the crisis will continue: the credit crunch, economic downturn.

From that perspective, they believe that the recovery will be weak and will take longer.

About the settlement houses, they show that there is no indication that the settlement shows the housing is about to stabilize in 2009.

Overall, those who fear real estate default akan akan up and force people to sell their own property.

Hopefully, things will get better in the near future ...

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