Miami Housing Market, Commercial Real Estate

Commercial Real Estate Property Sector Hurt by Housing's Decline

According to a leading bank regulator, the U.S. commercial real estate market will see increased losses and bank failures in the coming month as a result of the decline in the housing market.

The Financial Times reported on Friday that John Dugan, Currency comptroller, for the Office of the Comptroller of the Currency (OCC), which charters, regulates and supervises all national banks and federal branches and agencies of foreign banks, said regulators have become more and more concerned regarding the state of U.S. banks that have been damaged by the housing market...

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