Beige Book
April Beige Book Report
Submitted by Tyler Durden on 04/15/2009 17:01 -0500Some CRE snippets from the report:
"Nonresidential real estate conditions continued to deteriorate. Difficulty obtaining commercial real estate financing was constraining construction and investment activity. Bankers reported tight credit conditions, rising delinquencies, and some deterioration of loan quality.
Commercial real estate investment activity weakened further. Contacts said a decline incredit availability and markdowns on commercial property were keeping buyers and sellers onthe sidelines.
