WASHINGTON Though conditions remained favorable in most of the nations real estate markets during the second half of last year, a federal agency has found some decline in single-family homes and local retail properties.
In its biannual real estate trends survey of bank and thrift examiners and asset managers, the Federal Deposit Insurance Corp. said that 27% of respondents reported worsening conditions in single-family markets, such as fewer home sales or reduced construction. Only 17% reported better conditions.
In retail properties, 18% of respondents said they observed some deterioration, compared with 7% who reported better conditions.
Most respondents reported little or no change in most property markets, including multifamily, office, and industrial. However, more respondents reported a slight deterioration than in the previous survey.
The survey, which summarized the opinions of 265 respondents, was released March 9 and can be found on the FDICs Web site at: http://www.fdic.gov/bank/analytical/survey/2000dec/re0101.pdf. (PDF File) (Source: FDIC)