Tuesday, May 3, 2011

CRE Loans Held by Banks Growing?

In real estate news and analysis from The Wall Street Journal ("Commercial Real Estate Loans Tick Up" by Eliot Brown):
"For the first time in more than a year, the amount of commercial real estate loans held by banks grew at the end of April, showing a one-week reversal of a long, consistent decline.

In the week ending April 20, according to data from the Federal Reserve, banks showed a seasonally adjusted increase of $979 million in commercial real estate loans on their books, to $1.458 trillion.

So has the long-wounded banking system finally hit bottom on its commercial real estate debt?"

Continue reading entire article here.

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