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Aug. 10 (Bloomberg) — The collapse in commercial real estate is preventing Federal Reserve Chairman Ben S. Bernanke from declaring the economy and financial markets are healed.

Property values have fallen 35 percent since October 2007, according to Moodys Investors Service. Thats making it tough for owners to refinance almost $165 billion of mortgages for skyscrapers, shopping malls and hotels this year, pressuring companies such as Maguire Properties Inc., the largest office landlord in downtown Los Angeles, to put buildings up for sale.

Negative Fundamental

Demand for commercial space comes from employment and the income generated by that employment, said University of Pennsylvania Professor Joseph Gyourko, director of the Wharton Schools Samuel Zell and Robert Lurie real estate Center in Philadelphia. Mounting job losses are a really significant negative fundamental, signaling that conditions are going to be tough for the industry for a while, he said.

That may spill over into mounting losses at some banks. Forty-seven percent of loans at the 7,000-plus smaller U.S. lenders are in commercial real estate, compared with 17 percent for the biggest banks, according to New York-based Goldman Sachs Group Inc.

Duration : 0:5:57

Technorati Tags: 2008, 2009, Agency, Agent, Alex, Ben, Bernanke, bubble, celente, collapse, commercial, commodities, Crash, downfall, economic, economy, Estate, fed, federal, fiat, financial crisis, gerald, gold, housing, housing crisis, hyper, hyperinflation, inflation, investing, Jim, Jones, market, money, Peter, Real, reserve, Rogers, Schiff, selling, silver, stock, subprime, The dollar collapse

Duration : 0:3:13

Technorati Tags: 2009, August, buy, economy, Estate, Home, house, in, market, money, Month, news, Real, sell, This, us

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What I learned today will have devastating ramification for the real estate marketing and in turn the entire financial and stock market and the broader economy as a whole.

If true…our real estate fate is seal. There will be more housing and real estate foreclosure carnage ahead. The road is long.

Prepare yourself and protect your family from this coming economic catastrophe.

PLEASE RATE, LINK, SHARE and SPREAD the word so others can learn about the real nature of our real estate and economic crisis. Don’t be a sponge to the talking heads that spew only that which benefits them and their bosses. Wake up!
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From L.A Times:

Bulk of bank-owned homes aren’t even on the market yet
“Banks to unleash flood of REOs” at Inman News looks at the effect of foreclosures on the housing market this year:

Inventories of unsold homes are likely to swell in coming months as lenders begin to push a growing backlog of repossessed homes up for sale — often in communities already awash in distressed properties….

Because it can take weeks or months for lenders to put repossessed homes on the market, the impact of real estate-owned (REO) properties on inventories lags behind foreclosures. Government efforts to recapitalize banks through the Troubled et Relief Program (TARP) and other bailout measures may also have taken some of the heat off of lenders to unload REO properties at fire-sale prices.

But with the emphasis of TARP and other government relief efforts now expected to shift to creating jobs, helping troubled borrowers avoid foreclosure and providing incentives for home buyers, lenders could soon unleash a torrent of real-estate owned, or “REO” properties — even in markets already flooded with an oversupply of homes for sale.

“It’s almost like a tsunami — you can see it coming and you know it’s going to hit but you can’t get out of the way,” said Ann Stickel, vice president of affiliated services with Sarasota, Fla.-based brokerage Michael Saunders & Co.

So how many bank-owned properties aren’t even on the Multiple Listing Service yet? realtyTrac senior vice president Rick Sharga puts the number at 75%. That’s a lot of houses.

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Duration : 0:7:54

Technorati Tags: 2008, 2009, Agency, Agent, Alex, Ben, Bernanke, bubble, celente, collapse, commodities, Crash, downfall, economic, economy, Estate, fed, federal, fiat, financial crisis, for, gerald, gold, housing, housing crisis, hyper, hyperinflation, inflation, investing, Jim, Jones, market, money, Peter, Real, reserve, Rogers, sale, Schiff, selling, silver, stock, subprime, The dollar collapse, training

Duration : 0:3:4

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Duration : 0:7:29

Technorati Tags: banking, bubble, business, california, career, College, Economics, housing, Humboldt, lecture, market, money, University

Duration : 0:7:58

Technorati Tags: banking, bubble, business, california, career, College, Economics, housing, Humboldt, lecture, market, money, University

Duration : 0:2:5

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Duration : 0:9:38

Technorati Tags: banking, bubble, business, california, career, College, Economics, housing, Humboldt, lecture, market, money, University

Duration : 0:1:37

Technorati Tags: finance, homeowners, housing, investing, money, news, realestate