Thursday, August 14, 2008

A sign of real estate improvement

Although many of the media will report this as a negative, signs that investment firms are arranging to sell large blocks of housing or commercial real estate related assets is actually a positive sign of reaching the bottom of the market cycle.

The rumor swirling around this morning is that Lehman Brothers is trying to improve it’s credit position and to do so is looking to unload sell 14 billion in commercial real estate. Others are also looking to buy some or all of these assets but BlackRock is the leading contender. From: Lehman Selling 14 Billion in Real Estate To BlackRock?

I know that many will wring their hands and suggest that things will get more dire, I'll be first to say that willing buyers and willing sellers is the first stage of the recovery in any market.

A sign of real estate improvement

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