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Investment-grade commercial real estate prices gained 4.4% in the third quarter of this year. But, it's hard to tell if -- like brief blips of hope we've seen in consumer spending, unemployment and even luxury meals in London -- this is a change in the market or just a tease.

This increase in the MIT Center for Real Estate's transaction-based index (TBI) is the first up-tick in more than a year and the biggest gain since the middle of 2007. One quarter doesn't make a trend, cautions David Geltner, director of research at the MIT Center for Real Estate, but he says, "this is the strongest sign of a bottom that we've had in two years." The TBI reached 36.5% below its 2007 peak last quarter, up from 39% from the high-water mark in mid-2007.

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Commercial real estate comeback originally appeared on BloggingStocks on Tue, 03 Nov 2009 15:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cmbscommercial mortgage backed securitiescommercial mortgagescommercial real estateinthenewsmassachusetts institute of technologymbsmitmortgage backed securitiesmortgagesreal estatereal estate marketTue, 03 Nov 2009 15:40:00 EST<![CDATA[Congress may have to approve a 'TARP 2,' economist says]]>http://www.bloggingstocks.com/2008/11/21/congress-may-have-to-approve-a-tarp-2-economist-says/http://www.bloggingstocks.com/2008/11/21/congress-may-have-to-approve-a-tarp-2-economist-says/http://www.bloggingstocks.com/2008/11/21/congress-may-have-to-approve-a-tarp-2-economist-says/#commentsFiled under: , , ,

With credit markets remaining under stress, and with uncertainty growing regarding the status of megabank Citigroup (NYSE: C), the U.S. Congress may have to take more action to maintain financial system stability and prevent the U.S. economy from spiraling into a deeper recession, so says economist David H. Wang.

"The U.S. Congress may have to approve a 'TARP 2,'" Wang told BloggingStocks Friday. "Whether Congress does it as part of a fiscal stimulus package, or separately, it is clear we will need more money to purchase toxic assets, improve bank capitalization and allocate funds for home mortgage refinance programs, and other financial stabilization measures. At this stage of the crisis, the $700 billion TARP is not going to be enough, in my interpretation."

Bank sector stress remains

Wang said that if Citigroup, whose CEO Vikram Pandit said has adequate capital, for some reason cannot, when needed, find additional capital in the private sector, then "the Fed and or U.S. Treasury will step in, and take necessary measures to stabilize the bank," Wang said. If the U.S. Treasury is the primary funder, "that action, and other forthcoming, planned actions by the Treasury may use up a considerable amount of TARP funds, requiring a TARP 2."

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Congress may have to approve a 'TARP 2,' economist says originally appeared on BloggingStocks on Fri, 21 Nov 2008 16:35:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>banking sectorbankscommercial mortgage backed securitiesCongressdefaultsFedfiscal stimulusinthenewsmortgage defaultsTARPU.S. Federal ReserveU.S. TreasuryFri, 21 Nov 2008 16:35:00 EST