The List: 07.05.09
The U.S.
Real estate is still the center of the crisis and the stress tests (Baltimore Investing Examiner)
Retail rents down 11% in Manhattan (Crain’s New York Business)
The decline in RevPAR is the worst on record (Calculated Risk)
USA Today calls the housing bottom (part of me thinks, “Great. If you want to sell your home at foreclosure prices at a 20% to 50% loss, you can”; another part of me thinks, “At least the inventory is beginning to clear”) (USA Today)
The rich are defaulting, too (Bloomberg)
How long will it take for the CRE market to recover, and what will it look like (Ann Arbor Business Review)
The RE market for solar requires quite a bit of hand-holding (Real Property Alpha)
After housing prices stop falling, don’t expect them to rise (ValuePlays)
What are you paying attention to? (a bit off-topic, but important for those worried about the short-term) (Defining Better Futures via Infectious Greed)
Commercial mortgage delinquencies are up (Bloomberg)
In case you own a mall, make sure it caters to the poor and to teens (EconomPic Data)
Developing in the right order (Residential Property Analytics)
The World
Dubai real estate market = getting smoked (Zawya)
Brazil’s real estate companies seem to have risen too quickly following the news of government support for the RE market (Bloomberg)
Lithuania: a glut of malls and office space (The Baltic Times)
The effect of the Red River floods on the Winnipeg RE market (North Bay Nugget)
Trade collapse and vertical FDI investment (VoxEU)
A weak global recovery after the recession (VoxEU)
Talk of economic recovery in China is premature (Naked Capitalism)
Asia’s old growth models are broken, says Roubini (Bloomberg)
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