September 28 | National Real Estate Investor

Office Sector Enters New Stage of Recovery | by Elaine Misonzhnik | Falling cap rates in cardinal markets are forcing investors to examine opportunities in secondary markets. Dr Sam Chandan explains that investors are seeking higher returns than can be found in the markets that have dominated the investment recovery thus far. Elaine Misonzhnik writes: "While office buildings in New York, Washington, D.C. and San Francisco come with fewer risks, cap rates for assets in those markets are now nearing pre-downturn levels, according to Sam Chandan."

September 19 | CNBC

Parsing President Obama’s Deficit Reduction Plan | Following President Obama’s unveiling of his deficit reduction plan, Dr Sam Chandan spoke with CNBC’s Squawk Box about the proposal's effectiveness in addressing long-term budgetary issues in the United States. Dr Chandan explained why the proposal is unlikely to pass muster in Congress and what its failure might mean for the near- and medium-term economic outlook.

Watch the video on the CNBC website.

September 15 | Austin Business Journal

Real Estate Investors Like Texas | by Cody Lyon | Following his commercial real estate market update at the National Association for Business Economics' annual meeting in Dallas, Dr Sam Chandan spoke with Cody Lyon about the outlook for Texas and national real estate markets. Dr Chandan offered an upbeat assessment of Texas markets, saying that "... while not without risks, Texas markets have attracted attention because of their stronger underlying economies and momentum in the job market — trends we do not see in most other parts of the country."

September Economic Review

The American Jobs Act Faced with the slowest labor market recovery in modern US history and the potential for a relapse into recession, the President unveiled his proposal for an American Jobs Act (AJA) before a joint session of Congress on Thursday, September 8. The centerpiece of the proposal calls for halving employers' tax obligations on their first $5 million in payroll. No payroll taxes would be levied for new employees and for wage increases.

Q2 2011 Bank Default and Lending Report

The default rate on multifamily and commercial real estate loans held by the nation’s banks fell to 3.93 percent in the second quarter. The decline of 26 basis points (bps), from 4.19 in the first quarter, represents the largest drop in this key measure of banks’ legacy loan performance since the default rate peaked at 4.42 percent in Q3'10. This is consistent with our earlier assessment that banks’ commercial real estate default rates plateaued late in 2010.

Q2 2011 Bank Default and Lending Tables

The following file includes aggregate data and charts on banks' commercial real estate lending and loan performance trends, including (1) delinquency, default, and REO balances for commercial, multifamily, and construction loans, (2) default, write-down, and REO balances by bank size tiers, and (3) historical data on bank CRE and REO balances.