WASHINGTON A Federal Deposit Insurance Corp. report released Friday indicated slightly weaker conditions in real estate markets across the country.
Though most respondents to the Survey of Real Estate Trends, which contacted 274 bank examiners, continued to say there was no change in most property markets, there was evidence of slight deterioration in commercial markets.
Almost 50% reported somewhat worse conditions in office markets, while only 6% noted better conditions. More than one-third of examiners said that they saw deteriorating retail markets, compared with 3% who noted improvement. And 26% reported worse market conditions in industrial markets compared with 3% who indicated improvement. Single-family residential markets had the highest proportion of examiners noting better conditions, with 20% reporting improvement. However, 27% said that conditions are worse, and 53% said conditions are unchanged.