After spending the month of March home with my daughter on paternity leave, I am back in the office.
A lot of changes have happened in the real estate industry, but it looks like the players in the debt markets are still trying to figure out what assets they have before they start making money available for real estate.
Bear Stearns was a big player in the origination and securitization of Commercial Mortgage Backed Securities. It was not surprising that the company took a hit from the debt markets, but is was stunning to see them disappear over the course of a weekend.
The residential market has continued to collapse after the bubble popped. It was interesting to see infomercials switch from "Make money in real estate with no money down!" to "Make money in real estate from buying foreclosed properties!"
Now that I am back, I have a backlog of posts and will return to regular posting.