Until Treasury and bank supervisors take coordinated action and are forthright and transparent, the state of the commercial markets — and the potential impact that a breakdown in those markets could have on local communities, small businesses, and individuals — the financial crisis will not end — that’s Elizabeth Warren’s message. Read more…
Archives for February 2010
When Should the Fed Start Raising Interest Rates?
With national unemployment at 9.7 percent, the Fed may be months away from raising rates, but it is discussing a plan now to prepare the markets and tamp down inflation fears, said Vincent R. Reinhart, a former director of monetary affairs for the Fed. Read more…
Right Tools, Right Now – February Commercial Resources at No Cost
Through Right Tools, Right Now, you can benefit from many FREE commercial resources including, the most current RCA Report Publication, podcasts on the latest news in the commercial sector, webinars on commercial market trends and more. Visit www.REALTOR.org/RightTools for details. Read more…
NAR Commercial Activism
NAR prepared a letter to Treasury Secretary Tim Geithner and FED Chair Ben Bernanke, urging them to take a more active role in commercial real estate markets because they continue to suffer from a scarcity of credit, ballooning delinquency rates and nearly $1.4 in commercial real estate debt coming due in the next three years. This letter was signed by 79 members of Congress. Is your representative among them?
