In a now-famous op-ed in the Oct. 16, 2008, edition of The New York Times, Warren Buffett urged investors to buy stocks before the economy recovered. “If you wait for the robins, spring will be over” is how Buffett phrased it. Investors in commercial real estate seem to be taking Buffett’s advice to heart. The headlines for commercial real estate have been pretty lousy of late in the U.S. and locally. Vacancy rates are hitting new highs, and rents are falling as landlords are forced to negotiate with their tenants. Many worry that commercial real estate is the “next shoe to drop” in the multi-year financial crisis, and the resulting damage to bank balance sheets could lead to more failures and sluggish lending. But in the midst of that environment, real estate investment trusts (REITs) have been among the best-performing stocks of late–suggesting that investors believe better days are on the horizon.
REIT stocks’ performance good sign for commercial real estate
April 14, 2010, 2:52pm
Most Popular Articles
Latest Articles
Freddie Mac’s Donna Spencer on their Servicing Excellence initiative
On today’s sponsored episode, Editor in Chief Sarah Wheeler talks with Donna Spencer, vice president of servicer relationship and performance management at Freddie Mac, to discuss their new Servicing Excellence initiative and the benefits for their partners. Related to this episode: Related to this episode: Servicing Excellence https://sf.freddiemac.com/articles/insights/servicing-excellence Forging a New Path: The Future of […]
-
Lower mortgage rates attracting more homebuyers
-
Rocket Pro TPO raises conforming loan limit to $802,650 ahead of FHFA’s decision
-
Show up, don’t show off: Laura O’Connor is redefining success in real estate
-
Between the lines: Understanding the nuances of the NAR settlement
-
Down payment amounts are exploding in these metros