Description
Explaining that the current financial crisis began with an unprecedented flow of financial capital into commercial and housing markets, this study by a real estate insider describes the impact of the downturn and assesses the future for real estate markets. Topics of discussion include the credit crunch, problems with the flow of capital, the outlook for commercial property markets, and advice to individual investors for buying and selling while the market is down.
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Downs is a senior fellow at the Brookings Institution and an economic advisor to large corporations, and he examines the effects of the current financial crisis on the real estate market and provides specific recommendations to policymakers and investors on how to improve the system. The author uses clear and concise language to describe what happened in the financial and housing markets and defines their roles within the crisis. He also outlines four specific scenarios for the future and describes both the possible outcomes and the long-term economic impacts on residential housing, mortgage securitization and commercial real estate. Annotation ©2009 Book News, Inc., Portland, OR (booknews.com)
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