CRE default crisis still in early stages

08/31/2009 | Pittsburgh Tribune-Review

The collapsing commercial real estate market will hit regional and smaller banks hardest, according to experts. "Commercial real estate is the next shoe to drop. The question is, how bad will it get?" said Matt Schultheis, a bank analyst for Boenning & Scattergood. "We're still in the early stages of this."

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