Housing recession spreading into REITs and investment quality commercial real estate
Fred Day
Oct. 3, 2007

The housing recession is accelerating. The unsold home inventory is skyrocketing. The mortgage debacle is just at its beginning innings. Something interesting is happening in the commercial real estate and REIT (Real Estate Investment Trust) sectors.

The investors that are sitting duck with many unsold homes are running thin on their resource to hold them any more. They are slowly putting these properties on the rental markets. Some are even taking steps in getting variances to covert these units to commercial real estate.

The commercial and rental properties have started falling as the income obtainable from these properties starts sliding down.

The REITs are getting cheaper. Some bulls are aggressively buying them. They are not aware of the fundamental change in the real estate markets.

The commercial real estate recession always lags the residential real estate recession by two to three years when the price correction is above 10%. This time it is no different.

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