WASHINGTON, DC—The Federal Reserve Bank's Semiannual Monetary Report to Congress is, at heart, the presentation of what developments the Fed believes are significant to its decision-making about monetary policy and to a larger extent, the US economy.
So in that respect it should not have been that much of a surprise that the Fed singled out rising commercial property prices as one of the metrics it is watching in its latest report released last week. After all, property valuations and the way these loans were packaged and sold were at the heart of 2008's financial meltdown.
But on the other hand it was something of an eye-raiser. Prices have been rising steadily almost since the end of the recession. What is different now?
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
