Michael Duhs's (michaelduhs) Blog

The California Foreclosure Prevention Act, which established a 90-day moratorium on foreclosure that went into effect June 15, ends today. What does this mean for property values and the coming sales activity? Will there be a flood of new properties that come to market? What have lenders learned?...

For some historical perspective, at the end of 2007 the CMBS Delinquency Rate stood between 35-50 basis points, whereas by the end of 2008 it increased to over 2%. JP Morgan’s recent August 11, 2009 study claims loans that are with special servicers are now at 6% of all loans, a 200% increase. Ex...

The latest quarterly report from Capmark signal a “red flag” in the commercial loan market. Capmark’s announcement of its $1.6 billion quarterly loss is the tip of the iceberg to what’s coming. Capmark is one of the largest commercial lenders in the US with $11.1 billion in assets and approximat...

Over the last few months apartment owners and home owners are seeing dramatic increase in their water bills. Water districts have sent out forewarnings, but reality is never good for the bottom line. From San Diego to Orange County and on to Los Angeles, and even east to the Inland Empire (Rivers...

Want to close your next apartment transaction in 30 days? It's not going to happen. Sellers and seller's brokers are realizing that the time frame for closing apartment transactions is taking much longer. In the last two years I have seen a constant stream of delays by lenders, which have result...

As the jobless rate goes, so goes the apartment vacancy rate. This does not bode well for apartment landlords in the Inland Empire. Riverside and San Bernardino apartment brokers all say times are very slow and are hoping for a better 2010. In fact, so far this year, the pace of apartment sales i...

A wave of opportunity exists for apartment buyers who are preparing for the wave of foreclosures and REO’s coming to the market over the next two-three years. According to the recent report from the Mortgages Bankers Association, the delinquency rate for mortgages on one- to four-unit properties ...

The San Diego apartment market is stronger than most southern California apartment metros in today’s challenging market. While the Inland Empire (San Bernardino and Riverside apartment markets) licks its wounds, and when the Los Angeles apartment market is still trying to find stabilization, San ...

As I read the article in today’s Orange County Register, “New Boss rides the rails to OCTA” I wondered, “Same old status quo or new direction with innovation?” The article welcomes Will Kempton, the new chief of the OCTA. Tough job ahead and he needs the support of the business and residential co...

In the U.S. market, commercial real estate is being hit hard. According to the Mortgage Bankers Association, there is approximately $3.1 trillion in commercial debt outstanding and delinquency rates among these properties are escalating at alarming rates. The securitized market represents about $...