Real Estate Is This Decade's Plastics
I have been spending some time this week reviewing community bank stocks and comparing the recent earnings reports to the condition as of the last call report filed with the FDIC. Credit conditions seem to be slowly improving and real estate collateral values are still a concern for most bankers.
Most community banks are still seeing declines in property values. The pace has slowed down tremendously from 2008-10 levels but a real bottom is still not in place. That applied to both residential and commercial real estate values in much of the country. So far, this seems to be the case almost everywhere outside New York and Washington, D.C....560 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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