Foresight Analytics, a provider of real estate market consulting services, is forecasting an increase in the total delinquency rates for Commercial Mortgages for the third quarter of 2009.
According to their estimates, "the total delinquency rate rose to an estimated 4.7%, up from 4.1% in Q2, and more than double the 2.1% in Q3 2008. To keep this in a historical context, the estimated 4.7% delinquency rate is far less than the 8% delinquency rate acheived during the third quarter of 1991.
Foresight Analytics bases their preliminary estimates on earnings reports and call reports from many smaller banks.
Foresight Analytics principal Matthew Anderson appeared on Bloomberg TV, click (HERE) to see his comments on the Commercial Real Estate market.
Monday, October 26, 2009
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