For all you vulture investors expecting a repeat of the RTC fire sales of commercial real estate of the early ‘90s don’t get your hopes up. Home builder Lennar’s recent purchase of $3.05 billion of land and unfinished housing developments from troubled banks with government financing shows that the Federal Deposit Insurance Corp. isn’t selling at rock-bottom prices.
Is the FDIC Bullish On Commercial Real Estate?
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
